Shares of Applied Graphene Materials PLC (LON: AGM) today plunged 6.36% despite the company celebrating the launch of a new auto care product that uses its graphene dispersion technology.
The product was launched by Halo Autocare, which now sells two products that use Applied Graphene Materials’ technology.
Adrian Potts, the CEO of Applied Graphene Materials said: “Our graphene products have demonstrated exceptional performance in an increasingly broad range of applications and our focus on delivering graphene nanoplatelets in a format that makes them easy to adopt in practical applications is supporting continued product momentum,”
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Adding:
“Our strategy at this stage in our growth cycle has been to demonstrate the practical utility of graphene-based dispersions at innovative businesses that see the value of new technology opportunities. Halo fits this category well, as natural innovators in their field, with a focus on the commercialisation of differentiated products,”
However, it seems like investors did not share his enthusiasm about the new product, maybe because Halo Care already sells one product that uses the company’s graphene technology.
Applied Graphene share price
Applied Graphene shares today plunged 6.36% to trade at 40.3p having fallen from Thursday’s closing price of 43p.
