Quadrise Plc (LON:QED – Get Free Report) shares rose 11.7% during mid-day trading on Friday . The company traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.30 ($0.05). Approximately 47,571,504 shares changed hands during trading, an increase of 101% from the average daily volume of 23,646,633 shares. The stock had previously closed at GBX 3.85 ($0.05).
Analysts Set New Price Targets
Separately, Shore Capital restated a “house stock” rating on shares of Quadrise in a research report on Friday.
Check Out Our Latest Stock Report on QED
Quadrise Stock Up 10.9 %
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).
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