MeaTech 3D (MITC) Jumps 11%: Time To Invest?

On the chart for the last month, MeaTech 3D (MITC) stock sharply fell from $6.64 on August 16 to $4.90 on August 17. After this sharp fall, it increased to $5.66 and is still fluctuating at that level with the small volatility. The day’s range of MITC is $5.15 – $5.34. Today, MeaTech 3D made an announcement that its Belgian subsidiary, which is called Peace of Meat has cultivated more than 700 grams of pure chicken fat biomass in one production run. The company implies that the true cultivated animal fat can provide the usual taste qualities as well as with the smell that the real meat has. This new category of product is called hybrid meat. Sharon Fima, CEO and CTO of the company said that in terms of the company’s pilot plant for the production of the fat, the represented abilities are considered as the significant step. The production is planned for 2022. This achievement is considered as the first public demonstration of the growth of 100% purely cultivated cell biomass, grown entirely outside of an animal.

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.


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