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

Quadrise Plc (LON:QED) shares traded down 9.1% during trading on Tuesday following insider selling activity. The stock traded as low as GBX 3.55 ($0.05) and last traded at GBX 3.58 ($0.05). 2,315,870 shares changed hands 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 shares were sold at an average price of GBX 4 ($0.05), for a total transaction of £108,113.56 ($144,749.71).

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Quadrise in a report on Thursday, May 1st.

Quadrise Stock Up 6.7%

The company’s fifty day moving average is GBX 4.28 and its 200 day moving average is GBX 4.47. The firm has a market cap of £74.78 million, a price-to-earnings ratio of -21.11 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).