Quadrise Fuels International (LON:QFI) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Quadrise Fuels International plc (LON:QFI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.52 ($0.02) and traded as high as GBX 1.65 ($0.02). Quadrise Fuels International shares last traded at GBX 1.52 ($0.02), with a volume of 5,713,728 shares changing hands.

Quadrise Fuels International Trading Down 7.9 %

The firm has a market capitalization of £21.40 million, a P/E ratio of -4.95 and a beta of 1.43. The company has a current ratio of 17.95, a quick ratio of 17.28 and a debt-to-equity ratio of 49.22. The stock has a 50 day simple moving average of GBX 1.52 and a 200-day simple moving average of GBX 1.52.

About Quadrise Fuels International

Quadrise Fuels International plc, together with its subsidiaries, manufactures, markets, and sells emulsion fuels for use in power generation plants, industrial and upstream oil applications, and marine diesel engines 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.