News

June 04, 2008

Positive News Flow Has Been Unable To Stem Slide In Acta’s Share Price

By Rue Swabey

Toby Woolrych, chief operating officer of Italy-based Acta, quips that even though the platinum-free catalyst developer is an Italian company it met all of its 2007 milestones. But in spite of the positive news flow the share price performance has been dismal. Over the last twelve months the share price has lost 68 per cent to 34p and the company now has a market capitalisation of just £14 million.

AIM-listed Acta has developed low-cost platinum-free catalysts that not only reduce the cost of volume production but offer performance benefits. Acta’s patented catalyst technology, HYPERMEC, allows fuel cells to use biofuels like ethanol and glycerol and other fuels like ammonia. The catalysts can be used in a wide range of applications and markets giving the company significant operating leverage and reducing dependence on any one sector. Acta’s technology is proven but risks remain in...