STOCKS NEWS EUROPE-MetEx up after Methionine tests start

Wed Nov 4, 2009 9:33am GMT
 
Email | Print | | Single Page
[-] Text [+]

Shares in Metabolic Explorer (METEX.PA) rise about 7 percent, the third-biggest gainers on France's Mid- and Small 190 index .MS190, after the chemistry company says it is starting tests on its new Methionine molecule with animal feed maker Roquette.

"This step allows us to expect a commercialisation of the molecule within 24 to 36 months. This announcement validates the continuation of MetEx's development," broker Arkeon Finance says in a note.

By 0915 GMT, the volume on MetEx shares already represents 89 percent of the stock's 90-day average daily volume. For more, double click on [ID:nL3187466]

Reuters Messaging rm://michel.rose.reuters.com@reuters.net

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos