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Progressive Planet Solutions Inc ( (TSE:PLAN) ) just unveiled an update.
Progressive Planet Solutions Inc. has announced the creation of Gladiator SCM, a new supplementary cementing material, and has filed a US provisional patent for its composition. The company is also in the process of trademarking the name in Canada and the USA. Gladiator SCM, which incorporates PozGlass and other abundant materials, has been sent to a global cement company for evaluation. Additionally, Progressive Planet has hired Dr. Gerhard Albrecht, a renowned polymer scientist, as a scientific consultant to enhance their cement formulations. This move, along with the imminent opening of their Calgary-based C-Quester Centre of Sustainable Solutions, underscores the company’s commitment to advancing sustainable cement technologies. Furthermore, Progressive Planet has issued stock options to a consultant, reflecting its strategic growth initiatives.
Spark’s Take on TSE:PLAN Stock
According to Spark, TipRanks’ AI Analyst, TSE:PLAN is a Neutral.
Progressive Planet Solutions Inc shows strong financial performance with significant revenue growth and improved profitability. However, technical indicators suggest potential short-term weakness, and the valuation is moderate with no dividend yield. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:PLAN stock, click here.
More about Progressive Planet Solutions Inc
Progressive Planet, headquartered in Kamloops, British Columbia, is a company focused on sustainability through its innovative products for a healthier planet. The company leverages its mineral assets and recycled materials to develop patented and patent-pending technologies, particularly in low-carbon cement solutions. Progressive Planet’s products are distributed across over 10,000 retail locations in North America.
Average Trading Volume: 88,767
Technical Sentiment Signal: Buy
Current Market Cap: C$31.83M
Learn more about PLAN stock on TipRanks’ Stock Analysis page.