Tekcapital (TEK)

Sector:

IT Services

Index:

FTSE AIM All-Share

7.90p
   
  • Change Today:
    -0.25p
  • 52 Week High: 17.00p
  • 52 Week Low: 6.00p
  • Currency: UK Pounds
  • Shares Issued: 211.52m
  • Volume: 1,263,985
  • Market Cap: £16.71m
  • Beta: 1.79

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Tekcapital's MicroSalt to launch US retail product

By Josh White

Date: Friday 23 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Intellectual property investor Tekcapital announced on Friday that its portfolio company MicroSalt would launch the "first full-flavour" lower sodium table salt shaker to major retail chains on 1 October.
The AIM-traded firm said the MicroSalt shakers would be available in both two- and six-ounce sizes, after being debuted to the industry at the Expo East Food convention in Philadelphia during the week of 28 September.

It said the shakers would also be available on Amazon later in October.

MicroSalt had already received commitments from North American food wholesale giant UNFI, for placement in several of its distribution centres.

Tekcapital said MicroSalt was also exploring product line extensions with sea salt and Himalayan salt, as well as territorial expansion into the UK, Western Europe and Canada from 2023.

"We are proud to be able to bring such an essential product to consumers nationwide," said MicroSalt chief executive officer Rick Guiney.

"Sodium is one of the leading contributors to hypertension and these shakers can help minimise the negative impact that excess sodium consumption has on human health."

At 1227 BST, shares in Tekcapital were down 2.05% at 21.55p.

Reporting by Josh White at Sharecast.com.

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Tekcapital Market Data

Currency UK Pounds
Share Price 7.90p
Change Today -0.25p
% Change -3.07 %
52 Week High 17.00p
52 Week Low 6.00p
Volume 1,263,985
Shares Issued 211.52m
Market Cap £16.71m
Beta 1.79

Tekcapital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.76% above the market average16.76% above the market average16.76% above the market average16.76% above the market average16.76% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
49.52% below the market average49.52% below the market average49.52% below the market average49.52% below the market average49.52% below the market average
56.32% below the sector average56.32% below the sector average56.32% below the sector average56.32% below the sector average56.32% below the sector average
Income Not Available
Growth
3.65% above the market average3.65% above the market average3.65% above the market average3.65% above the market average3.65% above the market average
7.50% above the sector average7.50% above the sector average7.50% above the sector average7.50% above the sector average7.50% above the sector average

Tekcapital Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:22 120,000 @ 7.71p
16:14 23 @ 8.30p
16:13 25,000 @ 8.01p
16:08 25,000 @ 8.10p
15:46 34,161 @ 8.10p

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