Quadrise PLC (AIM:QED) enjoyed a late-week rally in its share price following a bullish progress update of its Utah operations which drew the attention of City analysts.
Shore Capital Markets said it sees “great potential” for Quadrise’s fuels.
Analysts stated: "We are encouraged to see progress in this project, which will combine Valkor’s low carbon extraction methods with Quadrise’s technology to produce a highly marketable, low sulphur fuel, which is set to be cheaper and significantly more environmentally friendly than conventional fuels.”
The stock soared over 17% in late Friday trades, bringing it to 1.65p.