Plant Health Care (PHC)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

 3.47p
   
  • Change Today:
      0.000p
  • 52 Week High: 11.60
  • 52 Week Low: 3.20
  • Currency: UK Pounds
  • Shares Issued: 341.53m
  • Volume: 39,212
  • Market Cap: £11.85m
  • RiskGrade: 304

Plant Health Care enters collaboration with US ag giant Wilbur-Ellis

By Josh White

Date: Monday 09 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Biological products company Plant Health Care has entered a "strategic collaboration" with agriculture, crop protection, seed, nutrition and biological products provider Wilbur-Ellis Agribusiness, it announced on Monday, for the development of products selected from Plant's 'PREtec' peptide portfolio.
The AIM-traded firm said PHC279 and other peptides, which it had been developing, offered "substantial benefits" to growers in the United States.

Wilbur-Ellis, one of the largest agricultural retailers in the US, would work with Plant Health Care to develop and launch products using PREtec peptides in the specialty crop market.

The board said multiple PREtec products were being evaluated by the two companies, with the first product launches to occur soon after regulatory approvals are obtained.

"We are delighted to be working with Wilbur-Ellis to bring the benefits of PREtec peptides to growers of specialty crops," said chief executive officer Chris Richards.

"Wilbur-Ellis has been working with our Employ brand (Harpin α) for many years and has significantly increased sales since being appointed exclusive distributor for US specialty crops in 2019.

"They are the ideal partner for us to work with to develop a series of PREtec products in US specialty crops over the coming years, with the first launch as early as the end of 2022, subject to regulatory approvals."

Richards said the agreement represented "an important validation" of the commercial value of PREtec, as the company moved towards its first product launches.

"After more than six years and over $20m invested, the benefits of PREtec peptide products will soon be widely available to growers in the US and elsewhere."

At 1227 GMT, shares in Plant Health Care were up 11.53% at 9.48p.

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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.

 

PHC Market Data

Currency UK Pounds
Share Price 3.47p
Change Today 0.000p
% Change 0.00 %
52 Week High 11.60
52 Week Low 3.20
Volume 39,212
Shares Issued 341.53m
Market Cap £11.85m
RiskGrade 304

PHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.52% above the market average2.52% above the market average2.52% above the market average2.52% above the market average2.52% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
85.26% below the market average85.26% below the market average85.26% below the market average85.26% below the market average85.26% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Income Not Available
Growth
33.90% above the market average33.90% above the market average33.90% above the market average33.90% above the market average33.90% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHC Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
08:04 39,212 @ 3.83p

PHC Key Personnel

CFO Jeffrey Hovey
CEO Jeffrey Tweedy

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