EQTEC (LON:EQT) Stock Price Down 22% – Here’s What Happened

Shares of EQTEC plc (LON:EQT) traded down 22% during trading on Monday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.52 ($0.01). 265,103 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 2,050,049 shares. The stock had previously closed at GBX 0.66 ($0.01).

EQTEC Stock Down 22.0 %

The stock’s fifty day moving average price is GBX 0.53 and its 200 day moving average price is GBX 0.62. The company has a current ratio of 2.75, a quick ratio of 0.84 and a debt-to-equity ratio of 37.66. The stock has a market cap of £1.33 million, a P/E ratio of -3.03 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.