Quadrise Fuels International (QFI)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 2.17p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.99
  • 52 Week Low: 1.18
  • Currency: UK Pounds
  • Shares Issued: 1,035.15m
  • Volume: 737,851
  • Market Cap: £22.46m
  • RiskGrade: 905

Quadrise Fuels signs deal with Moroccan chemicals and mining firm

By Josh White

Date: Friday 29 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Quadrise Fuels has signed a material transfer and cooperation agreement with an unnamed international chemicals and mining group headquartered in Morocco, it announced on Friday.
The AIM-traded company said that under the agreement, both itself and the client would work together in a joint project team, to carry out an 'MSAR' trial on a pilot plant test facility located at one of the client's facilities in Morocco, and then complete technical and economic feasibility studies for demonstration tests on commercial units owned by the client that would be covered by future agreements.

It said the first phase of work under the agreement included an MSAR trial on a pilot plant unit on a shared cost basis, to be completed by the end of the first quarter of 2020.

The second phase, subject to the client's approval of a successful outcome for the first, would see Quadrise undertaking feasibility studies in preparation for commercial scale trials on an industrial unit and a steam boiler, owned and operated by the client, which would be carried out on a paid basis.

Any future commercial MSAR trials with the client would be subject to new agreements.

"We are very pleased to have entered into this agreement with this major industrial group in Morocco, which is a world leader in the sectors in which it operates and is a material consumer of fuel oil," said executive chairman Mike Kirk.

"We are looking forward to working with the client's team in Morocco to develop and deliver the MSAR pilot trial and feasibility studies and, ultimately to demonstrate the wider potential for MSAR use in the industrial sector, in addition to the power and marine markets.

"We are confident that we will successfully demonstrate the economic and environmental benefits of MSAR and, therefore, be able to progress through to commercial supply of MSAR to the client in due course."

At 0846 GMT, shares in Quadrise Fuels International were down 3.52% at 3.56p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

QFI Market Data

Currency UK Pounds
Share Price 2.17p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.99
52 Week Low 1.18
Volume 737,851
Shares Issued 1,035.15m
Market Cap £22.46m
RiskGrade 905

QFI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.41% below the market average47.41% below the market average47.41% below the market average47.41% below the market average47.41% below the market average
27.47% below the sector average27.47% below the sector average27.47% below the sector average27.47% below the sector average27.47% below the sector average
Price Trend
64.37% below the market average64.37% below the market average64.37% below the market average64.37% below the market average64.37% below the market average
10.89% above the sector average10.89% above the sector average10.89% above the sector average10.89% above the sector average10.89% above the sector average
Income Not Available
Growth
0.19% below the market average0.19% below the market average0.19% below the market average0.19% below the market average0.19% below the market average
11.86% below the sector average11.86% below the sector average11.86% below the sector average11.86% below the sector average11.86% below the sector average

QFI Dividends

No dividends found

Trades for 13-Jul-2020

Time Volume / Share Price
09:40 53,246 @ 1.85p
09:14 300,000 @ 1.82p
09:07 15,000 @ 1.89p
09:03 300,000 @ 1.90p
08:51 52,139 @ 1.90p

QFI Key Personnel

CEO Jason Miles
COO Mark Whittle

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