Sigmaroc (SRC)

Sector:

Construction and Building Materials

Index:

FTSE AIM 50

68.30p
   
  • Change Today:
      1.60p
  • 52 Week High: 70.40
  • 52 Week Low: 45.00
  • Currency: UK Pounds
  • Shares Issued: 1,114.85m
  • Volume: 3,555,856
  • Market Cap: £761.45m
  • RiskGrade: 161

SigmaRoc enters strategic partnership with Mevo

By Josh White

Date: Monday 03 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Quarried materials specialist SigmaRoc announced a strategic partnership with Material Evolution (Mevo) on Monday - an advanced materials company that specialises in producing low-carbon cement from industrial waste streams.
The AIM-traded firm said the collaboration was aiming to develop a range of low-carbon concrete products.

SigmaRoc said Mevo had successfully developed a process that produces an emission-free substitute for ready-mix and precast concrete.

Unlike conventional cement production, which heavily relies on fossil fuels and operates at high temperatures, Mevo's method reportedly allows for cement production at ambient temperatures using various waste materials and feedstocks.

By using industrial waste streams, the process minimised the need for fossil fuel consumption and substantially reduced carbon emissions.

SigmaRoc said it had embarked on trials for product development in collaboration with Mevo, with initial testing to take place at SigmaRoc's precast concrete manufacturer CCP.

"Our partnership with Mevo marks a significant step towards an emissions-free solution for ready-mix and precast concrete," said SigmaRoc's Fons Vermorken.

"Through our trials at CCP, we are confident that these innovative products will not only meet market demand but also pave the way to transforming the cement industry and driving sustainable innovation."

At 1525 BST, shares in SigmaRoc were down 2.1% at 56p.

Reporting by Josh White for Sharecast.com.

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.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sigmaroc Market Data

Currency UK Pounds
Share Price 68.30p
Change Today 1.60p
% Change 2.40 %
52 Week High 70.40
52 Week Low 45.00
Volume 3,555,856
Shares Issued 1,114.85m
Market Cap £761.45m
RiskGrade 161

Sigmaroc Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.52% above the market average85.52% above the market average85.52% above the market average85.52% above the market average85.52% above the market average
85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average
Price Trend
60.02% above the market average60.02% above the market average60.02% above the market average60.02% above the market average60.02% above the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Income Not Available
Growth
65.03% above the market average65.03% above the market average65.03% above the market average65.03% above the market average65.03% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sigmaroc Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
15:58 170,000 @ 67.80p
16:35 2,934 @ 68.30p
16:35 104,838 @ 68.30p
16:35 1,032 @ 68.30p
16:35 1,031 @ 68.30p

Top of Page