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

Production interrupted at Itaconix facility after severe storms

By Josh White

Date: Thursday 04 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Itaconix announced a temporary interruption to production at its Stratham facility in New Hampshire on Thursday.
The AIM-traded firm said the interruption was caused by water damage from severe rainstorms that occurred during a roofing construction project undertaken by the building owner.

Repairs needed to damaged production equipment would be underway "shortly", the company said, with production currently expected to restart during December.

"Itaconix expects to meet all customer orders on time from existing finished goods inventories, except for its 'Itaconix TSI 322' detergent polymer, leading to some impact on revenues over the coming weeks," the board said in its statement.

"The company will work with its key TSI 322 detergent polymer customers on the potential for using an alternative detergent polymer grade that is held in stock."

Insurance held by Itaconix, including business interruption cover, together with the insurance of the construction contractor and the building owner, were expected to cover the costs and losses incurred.

At 1615 GMT, shares in Itaconix were down 4.4% at 5.98p.

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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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