Clean water company MyCelx Technologies Corporation (AIM:MYX) is one of the biggest fallers on the AIM market this morning, losing over half of its market value after announcing its 2015 trading update.

The company confirmed in a statement that MyCelx had continued with its cost reduction measures and will be at least cash neutral from operations in the second half of 2015.

However, the reduction in revenue is expected to result in a post-tax loss in the region of $3.4 – 3.8 million.

MyCelx is a clean water technology company providing patented solutions for commercial industrial markets worldwide. It has a 52 week range of between 180 and 27.50 pence per share, and is currently trading down 46.15 percent at 17.50 pence per share.