Quadrise (LON:QED) Shares Up 12.3% - Here's What Happened

Key Points

• Shares rose 12.3% to GBX 3.20 on Friday, with about 1,957,496 shares traded — 57% below the average daily volume of 4,558,438.
• Shore Capital Group reaffirmed a "house stock" rating on Quadrise in a research report dated January 12.
• Quadrise, a licensor of MSAR® and bioMSAR™ heavy oil/synthetic biofuel technology, has a market cap of £64.2m and a negative P/E of -18.82, reflecting current unprofitability.

Quadrise Plc (LON:QED - Get Free Report) shares were up 12.3% on Friday . The stock traded as high as GBX 3.20 and last traded at GBX 3.20. Approximately 1,957,496 shares traded hands during trading, a decline of 57% from the average daily volume of 4,558,438 shares. The stock had previously closed at GBX 2.85.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a "house stock" rating on shares of Quadrise in a research report on Monday, January 12th.

Quadrise Price Performance

The company's 50-day moving average is GBX 2.31 and its two-hundred day moving average is GBX 2.64. The firm has a market cap of £64.20 million, a P/E ratio of -18.82 and a beta of 1.09.

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.

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