Northstar Expands Product Line with Limestone Recovery, Secures New Patent

The latest update is out from Northstar Clean Technologies ( (TSE:ROOF) ).

Northstar Clean Technologies has introduced limestone as its fourth product line, following the successful separation and recovery from asphalt shingles. This development, supported by a new patent from the USPTO, enhances Northstar’s product offerings and strengthens its market position by adding a high-quality component to its asphalt products. The patent fortifies Northstar’s intellectual property, reinforcing its first-mover advantage and differentiation in the global market.

The most recent analyst rating on (TSE:ROOF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Northstar Clean Technologies stock, see the TSE:ROOF Stock Forecast page.

Spark’s Take on TSE:ROOF Stock

According to Spark, TipRanks’ AI Analyst, TSE:ROOF is a Neutral.

The overall stock score is primarily driven by significant financial challenges, including declining revenues, high leverage, and cash flow difficulties. Technical analysis shows a bearish trend with no strong momentum, and the valuation is unattractive due to a negative P/E ratio and no dividend yield. These factors collectively result in a low overall score.

To see Spark’s full report on TSE:ROOF stock, click here.

More about Northstar Clean Technologies

Northstar Clean Technologies is a Canadian company specializing in sustainable recovery and reprocessing of asphalt shingles. It utilizes a proprietary process to extract liquid asphalt, aggregate, and fiber from discarded shingles, contributing to the circular economy by preventing landfill waste. The company aims to lead in North America’s asphalt shingle recovery and reprocessing industry.

Average Trading Volume: 249,081

Technical Sentiment Signal: Hold

Current Market Cap: C$47.29M

See more insights into ROOF stock on TipRanks’ Stock Analysis page.