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MicroSalt plc ( (GB:SALT) ) has issued an announcement.
MicroSalt plc has successfully raised £1.5 million through a subscription of new ordinary shares, which will be used to increase production, enhance staffing, and support marketing and R&D efforts. The company is on track to exceed its full-year revenue target, with significant growth expected in the coming years due to strengthened relationships with major food manufacturers and increasing demand for low-sodium products. This fundraising effort will bolster MicroSalt’s balance sheet and support its expansion plans, positioning it well to capitalize on the growing global demand for sodium reduction solutions.
The most recent analyst rating on (GB:SALT) stock is a Hold with a £53.00 price target. To see the full list of analyst forecasts on MicroSalt plc stock, see the GB:SALT Stock Forecast page.
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 impacted by its weak financial performance and valuation, with persistent losses and negative equity. However, positive corporate events and strategic partnerships provide some optimism for future growth. Technical indicators suggest bearish momentum, further weighing on the stock’s attractiveness.
To see Spark’s full report on GB:SALT stock, click here.
More about MicroSalt plc
MicroSalt plc is a leading provider in the global salt market, offering a patented, full-flavour, low-sodium salt designed for both food manufacturers and consumers. The company uses proprietary micron-sized particles to deliver the same salty taste as traditional salt with approximately 50% less sodium. MicroSalt is positioned for scale and market leadership, with pathways into food manufacturing, consumer channels, and the broader global salt market.
Average Trading Volume: 40,094
Technical Sentiment Signal: Sell
Current Market Cap: £27.98M
For detailed information about SALT stock, go to TipRanks’ Stock Analysis page.