Quadrise (LON:QED) Trading Up 3.3% - Here's What Happened

Key Points

• Quadrise Plc's stock rose 3.3% during trading on Friday, with a last traded price of GBX 3.10 ($0.04), after previously closing at GBX 3 ($0.04).
• The company's market cap is £61.08 million, showcasing a price-to-earnings ratio of -17.24 and a beta of 1.83.
• Insider Jason Miles sold over 1 million shares at an average price of GBX 4 ($0.05), which raises questions about insider sentiment, with insiders currently owning 7.42% of the stock.

Quadrise Plc (LON:QED - Get Free Report) shares were up 3.3% on Friday . The stock traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.10 ($0.04). Approximately 2,973,596 shares changed hands during trading, a decline of 53% from the average daily volume of 6,302,003 shares. The stock had previously closed at GBX 3 ($0.04).

Wall Street Analyst Weigh In

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

Quadrise Price Performance

The business's 50 day moving average is GBX 3.76 and its two-hundred day moving average is GBX 4.06. The firm has a market capitalization of £58.73 million, a PE ratio of -16.58 and a beta of 1.83.

Insiders Place Their Bets

In related news, insider Jason Miles sold 1,013,049 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of GBX 4 ($0.05), for a total value of £40,521.96 ($54,737.21). 7.42% 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.