Metir (MET)

Sector:

Electronic and Electrical Equipment

0.71p
   
  • Change Today:
      0.025p
  • 52 Week High: 1.18
  • 52 Week Low: 0.54
  • Currency: UK Pounds
  • Shares Issued: 179.18m
  • Volume: 530,010
  • Market Cap: £1.27m
  • RiskGrade: 265
  • Beta: 0.00

Microsaic jumps following mass spectrometry breakthrough

By Duncan Ferris

Date: Monday 03 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Microsaic Systems surged on Monday after reporting a technological breakthrough that it says could provide customers with \"significant\" cost and time savings.
The mass spectrometry instrument developer said that it has developed proof of concept workflows to analyse in real-time complex samples from bioreactors, allowing customers to replace expensive analysers that have been a mainstay of bio-analysis.

Glenn Tracey, chief executive of Microsaic, said: \"As our technology can measure small and large molecules simultaneously, we can potentially replace workflows which use several analysis techniques costing hundreds of thousands of pounds each in capital expenditure. Additionally, because our technology is \'label-free\', Microsaic can potentially save hours of workflow time and provide a significant saving in reagent costs.\"

Tracey added that new demands on bioprocessing mean that there is a requirement for real-time information, highlighting the importance of the AIM traded company\'s technology\'s ability to sample the media from a bioreactor in real-time to provide critical information regarding process monitoring and quality attributes of the end-product.

Microsaic Systems\' shares were up 8.00% at 1.43p at 1044 BST.

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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.

 

Metir Market Data

Currency UK Pounds
Share Price 0.71p
Change Today 0.025p
% Change 3.65 %
52 Week High 1.18
52 Week Low 0.54
Volume 530,010
Shares Issued 179.18m
Market Cap £1.27m
Beta 0.00
RiskGrade 265

Metir Star Ratings

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73.29% below the market average73.29% below the market average73.29% below the market average73.29% below the market average73.29% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
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