EQTEC (LON:EQT) Trading Down 22.2% – What’s Next?

EQTEC plc (LON:EQT) shares traded down 22.2% during trading on Monday . The company traded as low as GBX 0.16 and last traded at GBX 0.20. 9,268,976 shares changed hands during trading, an increase of 447% from the average session volume of 1,694,364 shares. The stock had previously closed at GBX 0.26.

EQTEC Stock Down 19.5%

The company has a quick ratio of 0.84, a current ratio of 2.75 and a debt-to-equity ratio of 37.66. The business has a fifty day simple moving average of GBX 0.40 and a two-hundred day simple moving average of GBX 0.51. The company has a market capitalization of £1.33 million, a price-to-earnings ratio of -0.04 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.