Eqtec Plc (LON:EQT) shares shot up 16.5% during trading on Friday . The company traded as high as GBX 1.29 ($0.02) and last traded at GBX 1.18 ($0.02). 10,130,875 shares changed hands during trading, a decline of 11% from the average session volume of 11,390,000 shares. The stock had previously closed at GBX 1.02 ($0.01).

Separately, Northland Securities reaffirmed a “corporate” rating on shares of Eqtec in a research note on Thursday, September 27th.

In related news, insider Tom Quigley acquired 193,548 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was bought at an average price of GBX 1 ($0.01) per share, with a total value of £1,935.48 ($2,529.05).

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Eqtec Company Profile (LON:EQT)

EQTEC plc converts biomass and waste into synthetic gas to generate electricity and heat in the United Kingdom. It engages in sourcing and providing assistance in developing waste elimination projects, as well as O&M services. The company was formerly known as REACT Energy plc and changed its name to EQTEC plc in February 2017.

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