Tekcapital (TEK)

Sector:

IT Services

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 17.00p
  • 52 Week Low: 6.00p
  • Currency: UK Pounds
  • Shares Issued: 198.19m
  • Volume: 1,040,430
  • Market Cap: £18.83m

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Tekcapital investment Salarius strikes Mexico distribution deal

By Josh White

Date: Thursday 24 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Intellectual property investment company Tekcapital announced on Thursday that its portfolio company Salarius has signed a partnership agreement with FXM, to lead business-to-business sales and marketing of its 'MicroSalt' product in Mexico and Latin America.
The AIM-traded firm said the partnership would be the first time that MicroSalt would be sold outside the United States.

It said the strategic sales plan included securing meetings with the top snack food manufacturers, flavour houses, contract manufacturers and other food companies looking for full flavour, low sodium alternatives, along with attendance at food trade shows such as the Food Technology Summit and Expo in Mexico City.

"We are looking forward to working with FXM to bring the full flavor-low sodium benefits of MicroSalt to Mexican consumers, to help lower their sodium intake," said Salarius chief executive officer Victor Hugo Manzanilla.

"Our collaboration with FXM will introduce MicroSalt to food companies in Mexico and Latin America, that could benefit most from our ground-breaking, on-trend and innovative ingredient."

Tekcapital described MicroSalt as a proprietary, patented salt made with micron-sized salt particles that dissolved in the mouth significantly faster than regular salt, delivering an increased sensation of saltiness with much less salt, and as a result, approximately 50% less sodium.

At 1628 BST, shares in Tekcapital were up 12.61% at 13.06p.

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Tekcapital Market Data

Currency UK Pounds
Share Price 9.50p
Change Today 1.00p
% Change 11.76 %
52 Week High 17.00p
52 Week Low 6.00p
Volume 1,040,430
Shares Issued 198.19m
Market Cap £18.83m

Tekcapital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.30% above the market average12.30% above the market average12.30% above the market average12.30% above the market average12.30% above the market average
58.54% above the sector average58.54% above the sector average58.54% above the sector average58.54% above the sector average58.54% above the sector average
Price Trend
1.14% below the market average1.14% below the market average1.14% below the market average1.14% below the market average1.14% below the market average
39.33% below the sector average39.33% below the sector average39.33% below the sector average39.33% below the sector average39.33% below the sector average
Income Not Available
Growth
3.63% above the market average3.63% above the market average3.63% above the market average3.63% above the market average3.63% above the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average

Tekcapital Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:27 50 @ 9.35p
16:11 5,347 @ 9.35p
15:37 26,005 @ 9.00p
15:32 101,000 @ 9.06p
15:32 25,000 @ 9.11p

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