Plant Health Care (PHC)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

3.59p
   
  • Change Today:
      0.12p
  • 52 Week High: 11.60
  • 52 Week Low: 3.20
  • Currency: UK Pounds
  • Shares Issued: 341.53m
  • Volume: 675,665
  • Market Cap: £12.26m
  • RiskGrade: 304

Plant Health Care gets product approval in Argentina

By Josh White

Date: Wednesday 01 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Agriculture-focussed biological products company Plant Health Care announced the registration approval of its 'Harpin ab' product for use as a seed treatment in Argentina on Wednesday.
The AIM-traded firm said the regulatory process in Argentina for agricultural products would involve detailed review and approval by Senasa, the country's national food safety and quality regulator, which classified Harpin ab as a "biostimulant organic-chemical fertiliser".

That, the board said, confirmed the Argentinian government's commitment to promoting cost effective, sustainable and safe products.

"Harpin ab works by triggering the plant's own self defence systems, leading to a robust physiological response, in a manner similar to vaccinations in humans," the board said in its statement.

"The plant responds with improved crop quality, nutrient use efficiency, tolerance to abiotic stress and ultimately, increased yield.

"Being a biological product, Harpin ab has a very favorable human and environmental safety profile."

It explained that corn and soybeans were the first crops to receive regulatory approval for Harpin ab in the country, which has 24 million hectares of those crops planted in the current season.

Growers spent more than $100m on soybean seed treatments in Argentina in the most recent season, with the size of the biological market in soybeans said to be growing "rapidly", reaching around $75m in 2021.

The company said it was currently working with multiple organisations that were evaluating Harpin ab, and would select in-country distribution partners in due course.

"Harpin ab registration in Argentina is key to the further expansion of Harpin ab use into large row crop markets," said chief executive officer Chris Richards.

At 1224 BST, shares in Plant Health Care were up 1.96% at 13p.

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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 3.59p
Change Today 0.12p
% Change 3.46 %
52 Week High 11.60
52 Week Low 3.20
Volume 675,665
Shares Issued 341.53m
Market Cap £12.26m
RiskGrade 304

PHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.32% above the market average1.32% above the market average1.32% above the market average1.32% above the market average1.32% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Price Trend
84.23% below the market average84.23% below the market average84.23% below the market average84.23% below the market average84.23% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income Not Available
Growth
33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% 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
16:09 771 @ 3.62p
16:09 601 @ 3.56p
16:08 628 @ 3.50p
16:08 574 @ 3.44p
16:08 77,538 @ 3.44p

PHC Key Personnel

CFO Jeffrey Hovey
CEO Jeffrey Tweedy

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