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Quadrise Fuels Announces Share Transfer to Board Member

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Quadrise Fuels Announces Share Transfer to Board Member

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An update from Quadrise Fuels International ( (GB:QED) ) is now available.

Quadrise Fuels International announced the transfer of 34,160,000 ordinary shares from Phibatec Limited to Dilip Shah, a non-executive director on the Quadrise board. This transfer, which took place on August 19, 2024, increases Shah’s interest to 34,490,000 shares, representing approximately 1.72% of the company’s issued share capital. This move could potentially impact the company’s governance and shareholder dynamics.

Spark’s Take on GB:QED Stock

According to Spark, TipRanks’ AI Analyst, GB:QED is a Neutral.

Quadrise Fuels International’s overall score is impacted by weak financial performance and challenging valuation, but is somewhat balanced by positive technical indicators and strategic corporate events. The company’s focus on partnerships and innovation in sustainable fuels could drive future growth, but current financial weaknesses and lack of revenue generation pose significant risks.

To see Spark’s full report on GB:QED stock, click here.

More about Quadrise Fuels International

Quadrise Fuels International is an energy transition technology company that supplies MSAR® and bioMSAR™ emulsion technology, fuels, and biofuels. The company focuses on providing innovative solutions to reduce energy costs, pollution, and greenhouse gas emissions for the global power generation, shipping, industrial, and oil industries.

Average Trading Volume: 3,708,528

Technical Sentiment Signal: Sell

Current Market Cap: £55.77M

For an in-depth examination of QED stock, go to TipRanks’ Overview page.

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