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 Water’s 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.
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.
Elsewhere, Westminster Group PLC (LON:WSG) climbed 41% to 12p as investors focused on the technology solutions provider’s 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.
SimiGon Ltd (LON:SIM), which specialises in military simulations for training purposes, rose 12% to 7p after the US Air Force extended a contract for flight training devices worth up to US$700,000.
Among the fallers, Microsaic Systems PLC (LON:MSYS) slumped 41% to 0.7p after the developer of mass spectrometry instruments said it has not been able to operate normally during the coronavirus crisis.
Chemicals firm Iofina dropped 28% to 13p after saying its IO#8 iodine plant in western Oklahoma will see a decline in brine supply just weeks after coming online. Volumes of brine available at the plant are likely to be affected by oil and gas operations shutdowns due to low oil prices, it said.
Elsewhere, virtual reality entertainment firm Immotion Group tumbled 26% to 2p after unveiling plans to raise £1.3mln by selling shares at a 28.6% discount to shore up its balance sheet.
Similarly, Ethernity Networks Ltd (LON:ENET) slipped 17% to 36p after announcing an extraordinary meeting with shareholders to allow directors authority to issue shares as the coronavirus crisis dents the tech supplier’s finances.
Published at Sat, 09 May 2020 09:00:00 +0000-Small cap movers: Filta rockets as it turns from fryers to coronavirus sanitisers