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An update from MyCelx Technologies ( (GB:MYX) ) is now available.
MYCELX Technologies Corporation announced a $1.25 million earn-out from the sale of its Saudi Arabia operations, with expectations for further gains in 2025. The company also reported a successful water trial in the US, showcasing its advanced coalescing technology’s superior performance in oil recovery from produced water, which could enhance revenue streams for oil producers. Additionally, MYCELX is preparing for PFAS trials and addressing tariff impacts on its FY 2025 revenue guidance, adjusting forecasts to account for increased equipment costs due to new US tariffs.
More about MyCelx Technologies
MYCELX Technologies Corporation operates within the clean water and clean air technology industry, focusing on innovative solutions for water and air purification. The company is known for its advanced coalescing and regeneration systems, and it targets markets that require efficient and sustainable environmental management solutions.
YTD Price Performance: -28.77%
Average Trading Volume: 23,997
Technical Sentiment Signal: Strong Buy
Current Market Cap: £5.98M
For detailed information about MYX stock, go to TipRanks’ Stock Analysis page.