Quadrise (LON:QED) Shares Down 14.6% - Should You Sell?

Key Points

• Quadrise Plc's share price dropped by 14.6% during mid-day trading, hitting a low of GBX 2.73 ($0.04), and last trading at GBX 3.05 ($0.04).
• Despite the decline, Shore Capital has maintained a "house stock" rating on Quadrise's shares.
• Insider Jason Miles sold over 1 million shares at an average price of GBX 4 prior to the recent downturn.

Quadrise Plc (LON:QED - Get Free Report) shares fell 14.6% during mid-day trading on Friday . The company traded as low as GBX 2.73 ($0.04) and last traded at GBX 3.05 ($0.04). 4,996,458 shares traded hands during trading, a decline of 21% from the average session volume of 6,346,042 shares. The stock had previously closed at GBX 3.57 ($0.05).

Wall Street Analysts Forecast Growth

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

Quadrise Trading Up 1.9%

The stock has a market capitalization of £62.64 million, a PE ratio of -17.69 and a beta of 1.83. The firm's fifty day moving average price is GBX 3.86 and its two-hundred day moving average price is GBX 4.09.

Insider Buying and Selling

In related news, insider Jason Miles sold 1,013,049 shares of the business's stock in a transaction 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 ($54,707.65). Insiders own 7.42% 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.