Haydale Graphene Picks Up U.S. Contract

Haydale Graphene Industries PLC’s (LON:HAYD) US subsidiary Advanced Composite Materials (ACM) signed a four year deal to supply silicon carbide micro-fibre to a global industrial tool manufacturer.  

Worth over $2.6 million for the initial four year term, Haydale expects revenue to reach near $600,000 annually, 

Haydale Industries PLC is a company based in the U.K. that’s developed a plasma process to help functionalize graphene and other nano materials for commercial implementation.   

ACM is a top manufacturer of silicon carbide whiskers, which are heat resistant and durable enough to be used as for things such as carbon brakes and cookware. 

Handle has stated that the things such as cutting tools, land-based turbines, and jet engine blades are in high demand. 

Haydale’s chief executive Ray Gibbs said: “We are delighted with the integration of ACM within the group and especially the volume of samples of graphene, silicon carbide and a hybrid combination of both we have shipped to major US as well as certain targets in the Far East.”

Per Breakingfinancenews.com, “Yesterday Haydale Graphene Industries Plc (LON:HAYD) traded 3.63% higher at 171.00GBX. The company’s 50-day moving average is 177.85GBX and its 200-day moving average is 177.07GBX. The last stock close price is down -3.15% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 21,392 shares of the stock were exchanged, down from an average trading volume of 25,321

Haydale Graphene Industries Plc (LON:HAYD) had its target price hold steady to 230.00GBX by Cantor Fitzgerald in a report released Wednesday March 15, 2017. The new target price indicates a possible upside of 0.35% based on the company’s last stock close price.

See Chart Below

Haydale Graphene Picks Up U.S. Contract - Companies Featured Financial Funding Graphene Investing
Courtesy of Breaking Finance News.com

Haydale Graphene Industries Plc has a 52 week low of 105.00GBX and a 52 week high of 214.00GBX The company’s market cap is currently 0 GBX.

In addition to Cantor Fitzgerald reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is 199.01GBX with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.”

Sources: Breakingfinancenews.com, Proactiveinvestors.co.uk