Quadrise (LON:QED) Stock Price Down 9.1% After Insider Selling

Quadrise Plc (LON:QED - Get Free Report) shares traded down 9.1% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as GBX 3.55 ($0.05) and last traded at GBX 3.58 ($0.05). 2,315,870 shares were traded during mid-day trading, a decline of 67% from the average session volume of 6,927,894 shares. The stock had previously closed at GBX 3.94 ($0.05).

Specifically, insider Jason Miles sold 2,702,839 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of GBX 4 ($0.05), for a total transaction of £108,113.56 ($145,079.92).

Wall Street Analyst Weigh In

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

Quadrise Trading Down 0.3%

The company's 50 day simple moving average is GBX 4.26 and its 200-day simple moving average is GBX 4.46. The firm has a market cap of £74.39 million, a P/E ratio of -21.00 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.