Business
Why the Nanollose (ASX:NC6) share price is shooting higher today
The Nanollose Ltd (ASX: NC6) share price has been on fire the last two days. Yesterday, the company’s shares jumped to more than 52% at market close, following the announcement of a joint patent application with Grasim Industries Limited.
Today, investors further drove up the Nanollose share price after digesting the news, sending it a whopping 82% higher at 14 cents.
Quick take on Nanollose
Based in Australia, Nanollose specialises in researching and developing eco-friendly biomaterial using its microbial cellulose technology. Its proprietary plant-free technology alters the structure of nano cellulose through physical or chemical treatments to create new modified fibres.
The company aims to commercialise the production of its…
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