Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

 145.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 263.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 13.49m
  • Volume: 6,131
  • Market Cap: £19.55m

Itaconix nets $0.2m under US Paycheck Protection Program

By Josh White

Date: Tuesday 19 May 2020

LONDON (ShareCast) - (Sharecast News) - Itaconix has received $0.2m (£0.16m) in new funding from a loan under the US Small Business Administration's Paycheck Protection Program, it announced on Tuesday.
The AIM-traded firm said it received the maximum amount allowed under the programme based on its payroll, adding that it could qualify for partial forgiveness under the terms of the loan if certain payroll conditions are met.

It said that if those conditions are not met, or the board chooses not to seek forgiveness, the loan would be repayable in equal instalments over 18 months from December.

"As we continue to experience increasing demand for our detergent polymers, this funding will assist us with staffing levels to support growth in customer volumes," said chief executive officer John Shaw.

"I am pleased that Itaconix can help working families and contribute to the US Small Business Administration's efforts to maintain employment during the current pandemic."

At 1047 BST, shares in Itaconix were up 0.73% at 1.51p.

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Itaconix Market Data

Currency UK Pounds
Share Price 145.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 263.00
52 Week Low 114.00
Volume 6,131
Shares Issued 13.49m
Market Cap £19.55m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.59% below the market average17.59% below the market average17.59% below the market average17.59% below the market average17.59% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
29.86% below the market average29.86% below the market average29.86% below the market average29.86% below the market average29.86% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Income Not Available
Growth
50.48% above the market average50.48% above the market average50.48% above the market average50.48% above the market average50.48% 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 12-Jul-2024

Time Volume / Share Price
11:45 1,788 @ 146.50p
11:39 3 @ 149.00p
09:40 193 @ 149.00p
08:35 2,000 @ 146.00p
08:31 2,147 @ 149.00p

Itaconix Key Personnel

CEO John Shaw
CFO Laura Denner

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