Quadrise (LON:QED) Trading 3.4% Higher - Here's What Happened

Key Points

• Quadrise Plc's stock price increased by 3.4% to GBX 3.32 ($0.04) during mid-day trading, though trading volume fell by approximately 98% compared to its average.
• Shore Capital has restated a "house stock" rating on Quadrise shares, indicating ongoing confidence in the company's stock.
• Insider Jason Miles sold over 2.7 million shares at an average price of GBX 4, equating to a total transaction value of £108,113.56.

Quadrise Plc (LON:QED - Get Free Report)'s stock price rose 3.4% on Wednesday . The company traded as high as GBX 3.32 ($0.04) and last traded at GBX 3.32 ($0.04). Approximately 118,323 shares were traded during trading, a decline of 98% from the average daily volume of 6,224,100 shares. The stock had previously closed at GBX 3.21 ($0.04).

Quadrise Stock Down 7.4%

The stock's 50-day simple moving average is GBX 3.61 and its two-hundred day simple moving average is GBX 4.01. The company has a market capitalization of £66.91 million, a price-to-earnings ratio of -1,961.76 and a beta of 1.83.

Insiders Place Their Bets

In other Quadrise news, insider Jason Miles sold 2,702,839 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of GBX 4, for a total transaction of £108,113.56. Corporate insiders own 4.60% of the company's stock.

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.