Quadrise (LON:QED) Stock Price Down 12.2% - Here's Why

Shares of Quadrise Plc (LON:QED - Get Free Report) dropped 12.2% during trading on Monday . The stock traded as low as GBX 2.56 ($0.03) and last traded at GBX 2.81 ($0.04). Approximately 6,084,330 shares traded hands during trading, a decline of 3% from the average daily volume of 6,300,742 shares. The stock had previously closed at GBX 3.20 ($0.04).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of Quadrise in a report on Thursday, May 1st.

Quadrise Price Performance

The company's fifty day simple moving average is GBX 3.70 and its 200-day simple moving average is GBX 4.04. The firm has a market capitalization of £69.28 million, a PE ratio of -19.56 and a beta of 1.83.

Insider Buying and Selling at Quadrise

In other Quadrise news, insider Jason Miles sold 1,013,049 shares of Quadrise stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of GBX 4, for a total transaction of £40,521.96. 7.42% of the stock is currently owned by corporate insiders.

About Quadrise

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level. Quadrise's shares have been listed on the London Stock Exchange's AIM market since 2006 AIM: QED.