Mycelx Technologies Corp 57.5% potential upside indicated by Canaccord Genuity

Mycelx Technologies Corp with ticker (LON:MYX) now has a potential upside of 57.5% according to Canaccord Genuity.

MYX.L

Canaccord Genuity set a target price of 95 GBX for the company, which when compared to the Mycelx Technologies Corp share price of 60 GBX at opening today (06/06/2024) indicates a potential upside of 57.5%. Trading has ranged between 29 (52 week low) and 78 (52 week high) with an average of 29,077 shares exchanging hands daily. The market capitalisation at the time of writing is £13,910,041.

MYCELX Technologies Corporation is a clean water and clean air technology company. The Company provides clean water technology equipment and related services to the oil and gas, power, marine and heavy manufacturing sectors. MYCELX systems provide removal of hydrocarbons, PFAS, and other difficult contaminants from water and air over conventional treatment systems. Its technology, MYCELX Polymer, permanently removes oil from water upon contact, preventing the reentry of oil into the water stream. The MYCELX Polymer uses molecular cohesion to instantly remove oil from water, reaching critically low levels for discharge or reuse. MYCELX products permanently bind with hydrocarbons and remove free and emulsified oils and associated hydrocarbons. The MYCELX Polymer is integrated into engineered substrates for diverse uses in multiple industries. Its systems remove crude oils, condensate (from gas production), tar, waxes, asphaltenes, gasoline range and diesel range hydrocarbons, and others.