MyCelx Technologies (AIM:MYXR), the clean water and air technology company had jumped nearly 18% higher by Thursday afternoon to 23p after telling investors that full-year trading will be in line with market expectations.
In an update, the London-listed company said it also “successfully completed a paid trial in the USA” which it noted was a “significant step forward in repurposing produced water for agricultural use.”
“While the year was a challenge primarily because of project award timelines, the company is poised to continue its progress into next year with its focus on REGEN, PFAS and the Middle East,” the company added.
REGEN is the group’s filtration system which effectively removes oil droplets and suspended oils with no water treatment chemicals required.