Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

142.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 263.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 13.49m
  • Volume: 6,800
  • Market Cap: £19.22m

Itaconix expands supply agreement with Croda

By Josh White

Date: Thursday 24 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Specialty polymers company Itaconix announced an expansion to its existing global supply agreement with Croda on Thursday, to include an additional polymeric zinc complex to the product line already supplied to Croda.
The AIM-traded firm said that as part of the expanded agreement, it would receive a milestone payment of $60,000 from Croda as a partial contribution towards the completed development of the new polymeric zinc complex.

It explained that the current agreement with Croda began in 2017 for 'ZINADOR 22L' in home and industrial applications.

The new 'ZINADOR 35L' was described by Itaconix as a more concentrated version of the polymeric zinc complex, which delivered "significant" performance and cost advantages in detergent and industrial applications.

"Our proprietary zinc polyitaconates are gaining recognition for their unique benefits in odor neutralisation," said Itaconix chief executive officer John Shaw.

"The close work and collaboration between Croda and Itaconix show the potential and value of using smart partnering to rapidly bring continuous innovation to customers around the world."

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Itaconix Market Data

Currency UK Pounds
Share Price 142.50p
Change Today -2.50p
% Change -1.72 %
52 Week High 263.00
52 Week Low 114.00
Volume 6,800
Shares Issued 13.49m
Market Cap £19.22m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.95% below the market average17.95% below the market average17.95% below the market average17.95% below the market average17.95% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
32.67% below the market average32.67% below the market average32.67% below the market average32.67% below the market average32.67% below the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income Not Available
Growth
50.41% above the market average50.41% above the market average50.41% above the market average50.41% above the market average50.41% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

Itaconix Dividends

No dividends found

Trades for 19-Jul-2024

Time Volume / Share Price
15:35 1,250 @ 144.00p
15:35 1,250 @ 144.00p
15:33 2,480 @ 144.00p
14:57 1,820 @ 141.21p

Itaconix Key Personnel

CEO John Shaw
CFO Laura Denner

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