Quadrise (LON:QED) Shares Down 16.3% - What's Next?

Quadrise Plc (LON:QED - Get Free Report) shares fell 16.3% during trading on Monday . The company traded as low as GBX 3.52 ($0.05) and last traded at GBX 3.52 ($0.05). 1,308,782 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 6,722,113 shares. The stock had previously closed at GBX 4.20 ($0.06).

Analysts Set New Price Targets

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

Quadrise Trading Down 12.6%

The company has a market capitalization of £71.84 million, a P/E ratio of -20.28 and a beta of 1.83. The stock has a 50 day moving average price of GBX 4.24 and a 200 day moving average price of GBX 4.38.

Insider Activity at Quadrise

In other news, insider Jason Miles sold 2,702,839 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of GBX 4 ($0.05), for a total value of £108,113.56 ($145,021.54). Insiders own 7.42% of the company's stock.

Quadrise Company Profile

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.

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