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An announcement from MicroSalt plc ( (GB:SALT) ) is now available.
MicroSalt plc has successfully completed an oversubscribed fundraising round, raising £2.3 million to expand its operations and meet growing demand. The funds will be used to build inventory, support growth in B2B orders, enhance sales and marketing for their new Quick Service Restaurant product, and invest in research and development. This financial boost will strengthen MicroSalt’s position in the market and support its ambitious growth plans, particularly as it seeks to capitalize on increased interest from major snack manufacturers and fast-food chains in reducing sodium content.
More about MicroSalt plc
MicroSalt plc is a leading provider in the food industry, specializing in full-flavour, low-sodium salt products. The company offers a patented salt with approximately 50% less sodium, appealing to the growing market demand for healthier food alternatives. MicroSalt aims to disrupt the food market with its micron-sized salt particles that deliver the same salty taste with reduced sodium content, aligning with global health initiatives to lower sodium intake.
YTD Price Performance: -9.09%
Average Trading Volume: 26,003
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of SALT stock, go to TipRanks’ Stock Analysis page.