Quadrise (LON:QED) Trading 8.1% Higher – Still a Buy?

Quadrise Plc (LON:QED) rose 8.1% on Monday . The stock traded as high as GBX 1.65 ($0.02) and last traded at GBX 1.64 ($0.02). Approximately 3,476,802 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 4,172,189 shares. The stock had previously closed at GBX 1.51 ($0.02).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Quadrise in a research note on Wednesday, July 10th.

Quadrise Stock Performance

The company has a 50 day simple moving average of GBX 1.66 and a 200-day simple moving average of GBX 1.72.

About Quadrise

Quadrise Plc, together with its subsidiaries, manufactures, markets, and sells emulsion fuels for use in power generation, industrial, marine diesel engines, and steam generation applications in the United Kingdom. The company produces oil-in-water emulsion-based fuels through its Multiphase Superfine Atomised Residue (MSAR) technology as a substitute for conventional heavy fuel oil; and oil-in-water emulsified synthetic biofuels through its bioMSAR technology as a substitute for biofuel.