AEB.AX - Algae.Tec Limited

ASX - ASX Delayed price. Currency in AUD
0.026
+0.003 (+13.044%)
At close: 3:57PM AEDT
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Previous close0.023
Open0.023
Bid0.028 x 11111100
Ask0.026 x 9128700
Day's range0.023 - 0.028
52-week range0.018 - 0.065
Volume2,963,241
Avg. volume847,546
Market cap17.87M
BetaN/A
PE ratio (TTM)N/A
EPS (TTM)-0.011
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • ABN Newswire7 months ago

    Algae.Tec Ltd (ASX:AEB) Signs Agreement to Expand Technology and Product Footprint into Medicinal Marijuana Market

    Perth, Australia, May 2, 2017 - (ABN Newswire) - Algae.Tec Limited (ASX:AEB.AX - News) (OTCMKTS:ALGXY - News) is pleased to announce that it has entered into a Collaboration and Licence Term Sheet ("Agreement") with Jardin De Invierno SA ("JDL") to expand its technology and product footprint into the rapidly growing medicinal marijuana and associated markets. The annual medical cannabis and related markets exceeded US$6 billion in 2016 with a projected compound annual growth rate of 26% through to 2021 when the market is expected to reach US$21 billion. Algae.Tec is at the forefront of developing technologies that optimize controlled growing environments for high value natural products, including medical cannabis.

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