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Itaconix – “pleased to announce” distribution program, attempted ramptastic?

By Steve Moore | Wednesday 5 October 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Itaconix (ITX), describing itself as “a leading innovator in plant-based specialty polymers used to decarbonise everyday consumer products”, states it is pleased to announce a distribution program with the Brenntag North America business of “a global market leader in chemical and ingredients distribution”, Brenntag SE. So what of a current share price response to 4.75p, more than 2% lower?

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