EQTEC (LON:EQT) Stock Price Down 16.1% – What’s Next?

EQTEC plc (LON:EQT) dropped 16.1% during trading on Monday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.24 ($0.00). Approximately 2,457,370 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 1,621,032 shares. The stock had previously closed at GBX 0.28 ($0.00).

EQTEC Trading Down 15.7%

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 has a market capitalization of £1.51 million, a price-to-earnings ratio of -0.03 and a beta of 2.07. The business’s 50 day simple moving average is GBX 0.44 and its 200 day simple moving average is GBX 0.54.

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.