EQTEC (LON:EQT) Trading 12.9% Higher – Should You Buy?

EQTEC plc (LON:EQT) shares were up 12.9% on Tuesday . The stock traded as high as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). Approximately 10,029,638 shares changed hands during trading, an increase of 285% from the average daily volume of 2,605,351 shares. The stock had previously closed at GBX 0.62 ($0.01).

EQTEC Price Performance

The company has a debt-to-equity ratio of 37.66, a current ratio of 2.75 and a quick ratio of 0.84. The company’s 50-day simple moving average is GBX 0.50 and its 200 day simple moving average is GBX 0.74. The firm has a market cap of £1.80 million, a P/E ratio of -4.12 and a beta of 2.07.

About EQTEC

EQTEC is a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production.

We provide solutions for two of the world’s greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.

EQTEC designs and supplies advanced gasification solutions and has a higher efficiency product offering that it is modular and scalable from 1MW to 30MW.