Quadrise (LON:QED) Stock Passes Below 200-Day Moving Average on Insider Selling

Key Points

• Quadrise Plc's stock has fallen below its 200-day moving average due to insider selling, with shares recently trading at GBX 3.74 ($0.05).
• Insider Jason Miles sold over 1 million shares at an average price of GBX 4 ($0.05), totaling approximately £40,521.96.
• The company, with a market capitalization of £73.16 million, specializes in heavy oil and synthetic biofuel technology and has been listed on the London Stock Exchange's AIM market since 2006.

Shares of Quadrise Plc (LON:QED - Get Free Report) crossed below its 200-day moving average during trading on Monday after an insider sold shares in the company. The stock has a 200-day moving average of GBX 4.28 ($0.06) and traded as low as GBX 3.54 ($0.05). Quadrise shares last traded at GBX 3.74 ($0.05), with a volume of 4,296,844 shares.

Specifically, insider Jason Miles sold 1,013,049 shares of Quadrise stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of GBX 4 ($0.05), for a total transaction of £40,521.96 ($54,137.56).

Analyst Upgrades and Downgrades

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

Quadrise Price Performance

The company has a fifty day simple moving average of GBX 4.12 and a two-hundred day simple moving average of GBX 4.28. The company has a market capitalization of £73.16 million, a P/E ratio of -20.65 and a beta of 1.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.