Provexis (PXS)

Sector:

Food

Index:

FTSE AIM All-Share

0.63p
   
  • Change Today:
      0.040p
  • 52 Week High: 0.83
  • 52 Week Low: 0.48
  • Currency: UK Pounds
  • Shares Issued: 2,217.82m
  • Volume: 369,966
  • Market Cap: £13.86m
  • RiskGrade: 364

Provexis raises £50k to strengthen its capital base

By Josh White

Date: Friday 19 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Heart health functional food ingredient developer Provexis has raised £50,000, it announced on Friday, to strengthen its capital base and de-risk the business further.
The AIM-traded firm said the funds were raised via a placing of 6,666,667 new shares, at a price of 0.75p each.

It noted that the placing price represented a discount of 7.4% to the closing mid-market price per share on 18 February.

"In December, the company conducted a £1m placing, and the £1.05 million funds raised from the December placing and the further placing announced today will be used to provide the company with additional working capital over the coming year to support its international growth plans," said chief executive officer Ian Ford.

"A new production run for the company's 'Fruitflow+' omega-3 dietary supplement product is in the process of being commissioned.

"The two placings conducted in December and February have significantly strengthened the company's capital base and de-risked the business, to the benefit of all shareholders."

At 1002 GMT, shares in Provexis were up 3.7% at 0.84p.

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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.

 

Provexis Market Data

Currency UK Pounds
Share Price 0.63p
Change Today 0.040p
% Change 6.84 %
52 Week High 0.83
52 Week Low 0.48
Volume 369,966
Shares Issued 2,217.82m
Market Cap £13.86m
RiskGrade 364

Provexis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.29% below the market average39.29% below the market average39.29% below the market average39.29% below the market average39.29% below the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Price Trend
29.03% below the market average29.03% below the market average29.03% below the market average29.03% below the market average29.03% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Income Not Available
Growth
46.14% below the market average46.14% below the market average46.14% below the market average46.14% below the market average46.14% below the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average

Provexis Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
13:21 22,744 @ 0.61p
09:32 222,222 @ 0.65p
08:51 125,000 @ 0.63p

Provexis Key Personnel

CEO Ian Ford

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