Symphony Environmental Technologies (SYM)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

 3.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.25
  • 52 Week Low: 2.10
  • Currency: UK Pounds
  • Shares Issued: 225.10m
  • Volume: 66,540
  • Market Cap: £7.32m
  • RiskGrade: 282

Symphony Environmental receives positive antiviral tests

By Josh White

Date: Monday 30 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Symphony Environmental Technologies has received further successful test reports from the University of Campinas in Brazil, it announced on Monday, on its anti-viral nitrile gloves and polypropylene fabric facemasks, made with its 'd2pAM' antimicrobial technology.
The AIM-traded firm said the gloves and facemasks were tested under ISO 21702-2019, which are the international standard for the measurement of antiviral activity on plastics and other non-porous surfaces, against the coronavirus strain MHV, genus betacoronavirus, which is the same genus and family as SARS-CoV-1, SARS-CoV-2 or Covid-19, and MERS.

It said the test reports concluded that "we recommend using d2pAM as a potential virucidal agent for the coronavirus group, and helps in controlling Covid-19".

The d2pAM glove showed a 99.99% virus-reduction after one hour of contact, while the d2pAM facemask showed a 99% virus-reduction after one hour of contact with the facemask, and 99.9% after two hours.

Symphony said the same tests were performed on a glove and a facemask which did not contain d2pAM, and concluded that no virucidal effect was detected.

"These test results are a significant step forward in our global marketing campaign to promote the importance of using our d2p technology in these everyday essential products," said chief executive officer Michael Laurier.

"We believe this is a major breakthrough in the fight against Covid-19."

Laurier said the masks and gloves would provide "essential additional protection" for staff, patients, and visitors in a hospital or care-home environment.

"The masks are already available in commercial volumes and, subject to securing manufacturing space, we hope to be able to supply the gloves during the second quarter of 2021 and will market both products through our global distribution network.

"We are extremely pleased with this latest scientific validation of our d2pAM technology, but it is currently too early to estimate the level of demand for these products."

At 1203 GMT, shares in Symphony Environmental Technologies were up 6.67% at 22.4p.

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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.

 

SYM Market Data

Currency UK Pounds
Share Price 3.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.25
52 Week Low 2.10
Volume 66,540
Shares Issued 225.10m
Market Cap £7.32m
RiskGrade 282

SYM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.72% below the market average61.72% below the market average61.72% below the market average61.72% below the market average61.72% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average
Price Trend
83.58% below the market average83.58% below the market average83.58% below the market average83.58% below the market average83.58% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
61.56% below the market average61.56% below the market average61.56% below the market average61.56% below the market average61.56% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

SYM Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:02 7,240 @ 3.11p
11:40 10,000 @ 3.12p
11:35 300 @ 3.16p
10:51 39,000 @ 3.17p
08:47 10,000 @ 3.17p

SYM Key Personnel

CFO Ian Bristow
CEO Michael Laurier

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