SINT Stock Price Increased 58.56%: Why It Happened

By Amit Chowdhry ● Mar 10, 2021
  • The stock price of SINTX Technologies Inc (NASDAQ: SINT) increased by 58.56% yesterday. This is why it happened.

The stock price of SINTX Technologies Inc (NASDAQ: SINT) – a company that develops and commercializes silicon nitride for multiple applications – increased by 58.56% yesterday as it went from a previous close of $1.81 to $2.87. Investors appear to be responding to the company announcing test results showing that fabrics containing SINTX’s silicon nitride continue to demonstrate inactivation of the SARS-CoV-2 virus upon contact. Earlier tests had shown that sintered silicon nitride powders reduced viral loads by as much as 99.9%, starting at one minute after exposure to silicon nitride.

SINTX Technologies is expecting the antiviral fabrics to be used in many applications like a “catch-and-kill” face mask, surgical gowns and drapes, automotive and HVAC filters, wound dressings, clothing, and more. And SINTX believes that products made of its fabrics will inactivate trapped pathogens and reduce the risk of disease transmission.

SINTX is continuing to develop manufacturing processes to scale up the production of silicon nitride-embedded fabrics for applications across a variety of different markets. And SINTX believes the development of silicon nitride embedded fabrics can help fulfill the global need for masks and other antiviral applications around the world.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.