Quadrise (LON:QED) Shares Up 3.3% - Here's Why

Key Points

• Quadrise Plc's stock price increased by 3.3% during mid-day trading, reaching GBX 3.30 ($0.04) despite a 78% decrease in trading volume compared to its average.
• The company's market cap stands at £66.10 million, with a notably high P/E ratio of -1,938.24.
• Insider Jason Miles sold over 2.7 million shares at an average price of GBX 4, indicating significant insider activity as 4.60% of the stock is owned by insiders.

Quadrise Plc (LON:QED - Get Free Report)'s share price shot up 3.3% during mid-day trading on Monday . The stock traded as high as GBX 3.31 ($0.04) and last traded at GBX 3.30 ($0.04). 1,290,714 shares traded hands during trading, a decline of 78% from the average session volume of 5,996,904 shares. The stock had previously closed at GBX 3.19 ($0.04).

Quadrise Stock Performance

The firm's fifty day simple moving average is GBX 3.44 and its 200-day simple moving average is GBX 3.96. The stock has a market cap of £87.05 million, a P/E ratio of -2,552.35 and a beta of 1.83.

Insider Buying and Selling at Quadrise

In other news, insider Jason Miles sold 1,013,049 shares of Quadrise stock in a transaction on Thursday, July 24th. The shares were sold at an average price of GBX 4, for a total value of £40,521.96. 4.60% of the stock is owned by corporate insiders.

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.