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Symphony Share Price Surges After Presenting Impressive Antiviral Gear Results

Symphony environmental
Nigel F

Shares of Symphony Environmental Technologies PLC (LON: SYM) soared 23.8% today after the company presented an impressive set of results for its antiviral gloves and masks.

In particular, the d2pAM glove showed a 99.99% virus-reduction after only one hour of contact, the data shows. Similarly, the facemask showed a 99% virus-reduction after an hour and 99.9% after two hours.

“These test results are a significant step forward in our global marketing campaign to promote the importance of using our d2p technology in these everyday essential products,” Symphony chief executive, Michael Laurier said.

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“We believe this is a major breakthrough in the fight against COVID. These masks and gloves will provide essential additional protection for everyone, especially for staff, patients, and visitors in a hospital or care-home environment.”

Symphony used the Laboratory of Virology at the University of Campinas in Brazil for testing its gear against the family of viruses, namely SARS-CoV-1, SARS-CoV-2/COVID-19 and MERS.

Symphony share price gains on impressive Covid-19 gear test results November 2020

Symphony share price initially skyrocketed nearly 24% to hit a one-month high at 26p. The price action now trades at 22.6p, up 7.14%.

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Nigel F
Nigel F
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Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.