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Quantafuel rises to new record

On Wednesday, the arrow points to the Oslo Stock Exchange. At lunchtime, the main index stands at 848.22 points, up 0.7 per cent. Shares worth NOK 1.6 billion have so far been traded.

Large companies such as Wound and Telenor rises 1.6 per cent and 1.7 per cent respectively DNB falls 0.8 percent.

A barrel of North Sea oil is traded for 40.30 dollars, up 1.5 percent. The number of cases of infection is now rising in several countries and analysts fear that it may affect the demand for fuel.

“A halt in demand has been a concern for the market for some time and it is becoming more apparent,” write analysts at ING Economics in an update.

Equinor rises 3.5 percent to 139.55 kroner while Aker BP climbs 1.5 percent to 159.30 kroner.

Quantafuel has started operations at its first factory in Skive in Denmark, and has thus reached a significant milestone in the development of the company. Quantafuel has developed a technology that converts plastic waste into either naphtha, diesel or marine gas oil. On Tuesday, the company sent the first oil to its laboratory for further analysis.

The management also states that all main processes for control, operation and safety have functioned in accordance with the plan and necessary standards.

The share rises 20 percent to 72 kroner. Today’s highest listing has been NOK 75, which is a new top listing.

On Tuesday it became known that Idex Biometrics had received the first order from a global card manufacturer for the biometric fingerprint sensors Trustedbio, which sent the stock up as much as 28.6 percent.

The sensors in question will be an integral part of the card manufacturers’ next generation of biometric payment cards, which will be made available to financial institutions by the end of 2020.

On Wednesday, the share falls 6.1 percent to 2.01 kroner.

Pareto Securities takes up the coverage of the technology company Elop . According to TDN Direkt, this has resulted in a buy recommendation and a price target of NOK 10.

– With several triggers lined up for the coming year, we like risk / reward, the brokerage states in a report.

The share rises 14 percent to NOK 5.7.

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