Mycelx Technologies Corp 70.5% potential upside indicated by Canaccord Genuity

Mycelx Technologies Corp with ticker (LON:MYX) now has a potential upside of 70.5% according to Canaccord Genuity.



Canaccord Genuity set a target price of 95 GBX for the company, which when compared to the Mycelx Technologies Corp share price of 28 GBX at opening today (03/02/2023) indicates a potential upside of 70.5%. Trading has ranged between 19 (52 week low) and 82 (52 week high) with an average of 33,016 shares exchanging hands daily. The market capitalisation at the time of writing is £7,997,304.

MYCELX Technologies Corporation is a clean water technology company. The Company provides water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors. Its geographical segments are the Middle East and the United States (U.S.). The Company’s patented technology, MYCELX Polymer, uses molecular cohesion to remove oil from water, reaching critically low levels for discharge or reuse. The polymer permanently removes oil from water upon contact preventing the reentry of oil into the water stream. The Company’s MYCELX Technologies include MYCELX REGEN, MYCELX Polisher, MYCELX Coalescer, PFAS Remediation System, Air Filtration, Oil Spill Solutions, MERSEP Elements, Testing and Validation Lab, and Engineered Process System. Its applications include upstream oil and gas, downstream oil and gas, environmental remediation, oily mist air filtration, and industrial water.