Filta Group Holdings PLC (LON:FLTA) rocketed 80% higher to 111.6p this week after swapping from de-greasing kitchen equipment to launch a new sanitiser designed to protect surfaces from bacteria for up to a month.
The anti-viral solution leaves a protective layer that bonds to the surface, creating a safer environment in shared spaces such as restaurants, bars, shops, offices and healthcare facilities.
It is currently available in the UK but the firm, which usually works in commercial kitchens to recycle oil and seal fridges, is planning a roll-out in Europe and the US too. The grease manager is also offering temperature screening devices which can measure up to 30 people per second for a fever, having teamed up with one of its technology suppliers.
A partnership that also appears to be working well is that between Modern Water Plc (LON:MWG) and Integumen PLC (LON:SKIN), shares in which jumped 40% to 1.5p and 11% to 1.7p respectively after doubling production of Modern Waters monitoring bacteria reagent.
Demand has been through the roof lately, as countries have increased water hygiene controls during the current health crisis. Integumen agreed in March to manufacture and provide logistical support for MW in exchange for 40% of total sales, estimated to be at least US$1.25mln until December.
Looking at the wider market, the AIM All-Share index and the FTSE 100 both advanced 2% this week as amid coronavirus lockdown easing hopes.
Among the risers, Motif Bio PLC (LON:MTFB) zoomed 263% to 0.7p after appointing its current chief financial officer Jonathan Gold as president and chief business officer.
The pharma company, operating as a cash shell since its flagship drug candidate iclaprim failed to make it to market, also raised £650,000 via a share placing and now has £815,000 in the bank, enough to see it through to February 2021.
Environmentally friendly detergents firm Itaconix PLC (LON:ITX) soared 104% higher to 1p after posting a 42% increase in sales to US$600,000 for the four months to April.
Elsewhere, Westminster Group PLC (LON:WSG) climbed 41% to 12p as investors focused on the technology solutions providers fever screening kit, now that Heathrow plans to roll out temperature checks for passengers.
Biotech firm Genedrive PLC (LON:GDR) added 22% to 164p after its hepatitis-C diagnostic received what is called prequalification from the World Health Organisation, meaning member states are encouraged to buy the product.
Jersey Oil and Gas PLC (LON:JOG) jogged up 21% to 69p on an increase in its resource inventory to over 120mln barrels.
In the pharma space, ReNeuron Group PLC (LON:RENE) rose 19% to 167p after new data on its CTX cell therapy candidate showed some very early promise in Huntington's disease.
SimiGon Ltd (LON:SIM), which specialises in military simulations for training purposes, rose 12% to 7p Read More – Source
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