An update from Ecolomondo Corporation ( (TSE:ECM) ) is now available.
Ecolomondo Corporation has completed the installation and begun commissioning its new milling line at the Hawkesbury TDP facility, which is expected to significantly enhance its production capabilities. The facility will process over 1.5 million scrap tires annually, producing substantial quantities of recovered carbon black, oil, steel, and process gas, with anticipated annual sales of $12.1 million and an EBITDA of 45-50%. This development is a crucial milestone for Ecolomondo, positioning it to ramp up to full capacity and strengthen its market presence in the tire recycling industry.
Spark’s Take on TSE:ECM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECM is a Underperform.
Ecolomondo Corporation’s overall stock score is primarily hindered by its poor financial performance, characterized by consistent losses and cash flow challenges. Technical analysis provides some hope with moderate market momentum, but valuation remains a concern with a negative P/E ratio. Despite the positive corporate event of a new milling line installation, overall financial instability weighs heavily on the stock’s outlook.
To see Spark’s full report on TSE:ECM stock, click here.
More about Ecolomondo Corporation
Ecolomondo Corporation, headquartered in Québec, is a Canadian cleantech company specializing in sustainable scrap tire recycling technology. Utilizing its proprietary Thermal Decomposition technology (TDP), Ecolomondo recovers valuable commodities such as recovered carbon black, oil, syngas, fiber, and steel from scrap tire waste. The company is committed to being a leader in the cleantech sector and contributing to the global circular economy.
YTD Price Performance: -5.56%
Average Trading Volume: 25,349
Technical Sentiment Signal: Buy
Current Market Cap: C$36.97M
Learn more about ECM stock on TipRanks’ Stock Analysis page.