Quadrise (LON:QED) Stock Price Up 9.4% – Here’s What Happened

Quadrise Plc (LON:QEDGet Free Report) shares shot up 9.4% during trading on Friday . The stock traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.69 ($0.02). 2,555,681 shares changed hands during trading, a decline of 35% from the average session volume of 3,939,320 shares. The stock had previously closed at GBX 1.54 ($0.02).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Quadrise in a report on Friday.

Check Out Our Latest Stock Report on Quadrise

Quadrise Trading Up 26.5 %

The stock’s 50-day moving average is GBX 1.60 and its 200-day moving average is GBX 1.78.

About Quadrise

(Get Free Report)

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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