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MicroSalt plc ( (GB:SALT) ) just unveiled an update.
MicroSalt plc announced the discovery of further payments totaling approximately USD 330k made to Tekcapital plc and/or its subsidiaries, which were identified as a missed related party transaction. These payments, made between July and September 2024, were not contractually required at the time and were not disclosed as per AIM Rule 13. The Independent Directors, led by Chair Judith Batchelar, have implemented enhanced systems and controls to prevent recurrence and have closed their investigation, confirming the transactions were bona fide liabilities and correctly accounted for in the company’s financial statements.
Spark’s Take on GB:SALT Stock
According to Spark, TipRanks’ AI Analyst, GB:SALT is a Neutral.
MicroSalt plc’s overall stock score is primarily influenced by its weak financial performance and poor valuation. The company’s financial distress, negative equity, and lack of profitability are significant concerns. Technical analysis further indicates bearish momentum, with the stock being oversold. While there are some positive corporate developments, they are overshadowed by the financial and technical challenges.
To see Spark’s full report on GB:SALT stock, click here.
More about MicroSalt plc
MicroSalt plc is a leading manufacturer in the food industry, specializing in producing full-flavor salt with approximately 50% less sodium. The company focuses on providing healthier salt alternatives to the market.
Average Trading Volume: 71,318
Technical Sentiment Signal: Strong Sell
See more data about SALT stock on TipRanks’ Stock Analysis page.