The environmental solutions company has been a standout performer in the portfolio in recent months but took a hit in the last week. Shares fell despite positive news regarding its work in antimicrobial resistance. The company signed on with the Australian Government to be a part of their Solving Antimicrobial Resistance in Agribusiness, Food and Environments (SAAFE) research push. While a small $34.5m initial grant has been put forward, the research cooperative will help further develop Calix’s BOOSTER-Mag crop protection product that has already demonstrated efficacy in use. It’s just one of a number of technologies being developed by Calix for better, more environmentally sustainable development of key products.
MM remains bullish CXL, looking to increase the weighting into further weakness.
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