Quadrise Fuels International ( (GB:QED) ) has provided an announcement.
Quadrise Fuels International has announced a successful placement and subscription, raising £4.53 million through the issuance of 151 million new ordinary shares at 3 pence each. The funds are expected to be supplemented by an additional £1 million from a Retail Offer, which could increase with additional demand. This capital injection strengthens Quadrise’s financial position, potentially enhancing its ability to advance its innovative energy projects and maintain its competitive edge in the energy sector.
More about Quadrise Fuels International
Quadrise Fuels International is a company that supplies innovative energy solutions aimed at creating a cleaner planet. The company focuses on providing environmentally friendly alternatives within the energy sector, leveraging advanced technologies to offer sustainable fuel options.
YTD Price Performance: -12.85%
Average Trading Volume: 9,297,614
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £110.1M
Learn more about QED stock on TipRanks’ Stock Analysis page.