Tekcapital (TEK)

Sector:

IT Services

Index:

FTSE AIM All-Share

9.25p
   
  • Change Today:
      0.60p
  • 52 Week High: 17.00
  • 52 Week Low: 6.25
  • Currency: UK Pounds
  • Shares Issued: 198.19m
  • Volume: 809,630
  • Market Cap: £18.33m

Tekcapital's Salarius launches snacks in North America

By Josh White

Date: Wednesday 02 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Intellectual property investor Tekcapital announced on Wednesday that portfolio company Salarius had successfully launched its 'SaltMe' snack line on Amazon in North America.
The AIM-traded firm said the company had commenced sales of all four flavours on the e-commerce platform, offering six-count boxes of five ounce bags.

In January, it was planning to introduce one ounce bags on the platform to expand consumer purchase options.

Additionally, it said SaltMe potato chips were now available in all Central Market stores in the United States and Canada.

Tekcapital said SaltMe potato chips are made with 'MicroSalt', which is a proprietary salt made with micron-size salt particles that dissolved in the mouth "significantly faster" than regular salt, and as a result, delivered 50% less sodium per serving.

On the business-to-business front, Tekcapital said its Mexico and LAtin America sales and marketing partner FXM Ingredients had provided MicroSalt for testing to eight Mexican snack food companies, including several of the largest producers in the region, with a pipeline of 20 additional Mexican companies to begin discussions in the next 60 days.

Additionally, it said a "leading" global snack food company had successfully completed its initial evaluation of MicroSalt, and had started consumer testing for potential inclusion with its products.

"We are very excited about the launch of the SaltMe brand on Amazon," said MicroSale chief executive officer Victor Hugo Manzanilla.

"Growing our e-commerce business in addition to distribution deals undertaken earlier in the year should help expand market traction for our full flavour-low sodium snacks in 2021 and beyond."

At 1435 GMT, shares in Tekcapital were up 4.17% at 12.5p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tekcapital Market Data

Currency UK Pounds
Share Price 9.25p
Change Today 0.60p
% Change 6.94 %
52 Week High 17.00
52 Week Low 6.25
Volume 809,630
Shares Issued 198.19m
Market Cap £18.33m

Tekcapital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.61% above the market average20.61% above the market average20.61% above the market average20.61% above the market average20.61% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
56.51% below the market average56.51% below the market average56.51% below the market average56.51% below the market average56.51% below the market average
58.24% below the sector average58.24% below the sector average58.24% below the sector average58.24% below the sector average58.24% below the sector average
Income Not Available
Growth
16.92% below the market average16.92% below the market average16.92% below the market average16.92% below the market average16.92% below the market average
24.71% below the sector average24.71% below the sector average24.71% below the sector average24.71% below the sector average24.71% below the sector average

Tekcapital Dividends

No dividends found

Trades for 16-May-2024

Time Volume / Share Price
16:29 20,000 @ 9.43p
16:27 105 @ 9.48p
16:22 15,811 @ 9.43p
16:18 2,651 @ 9.43p
16:17 2,608 @ 9.43p

Top of Page