Shares of Quadrise Plc (LON:QED – Get Free Report) rose 11.3% during trading on Thursday . The company traded as high as GBX 3.89 ($0.05) and last traded at GBX 3.81 ($0.05). Approximately 2,301,487 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 4,686,231 shares. The stock had previously closed at GBX 3.42 ($0.04).
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a “house stock” rating on shares of Quadrise in a research report on Friday.
Read Our Latest Analysis on Quadrise
Quadrise Trading Up 6.0 %
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.
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