Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
PyroGenesis Canada ( (TSE:PYR) ) has shared an announcement.
PyroGenesis Inc. recently addressed an erroneous online post by a board member concerning its ongoing non-brokered private placement. The post incorrectly suggested that the private placement was oversubscribed, bringing in $7.5-$8.0 million. The company clarified that the private placement is not officially oversubscribed and is ongoing, with the first tranche expected to complete soon. PyroGenesis emphasizes its commitment to timely disclosure and corporate governance, having taken corrective action regarding the situation.
The most recent analyst rating on (TSE:PYR) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on PyroGenesis Canada stock, see the TSE:PYR Stock Forecast page.
Spark’s Take on TSE:PYR Stock
According to Spark, TipRanks’ AI Analyst, TSE:PYR is a Underperform.
PyroGenesis Canada faces significant financial challenges, with declining revenues and a highly leveraged balance sheet being the most critical factors. The technical analysis indicates a bearish trend, and the valuation metrics reflect the company’s unprofitable status. These factors collectively result in a low overall stock score.
To see Spark’s full report on TSE:PYR stock, click here.
More about PyroGenesis Canada
PyroGenesis Inc. is a leader in innovating ultra-high temperature processes and engineering solutions, primarily serving the heavy industry and defense sectors. The company leverages 30 years of plasma technology expertise to address challenges in energy, propulsion, emissions, and materials development. PyroGenesis caters to global leaders in industries such as aluminum, aerospace, and steel, operating from its headquarters in Montreal with ISO-certified operations.
Average Trading Volume: 206,052
Technical Sentiment Signal: Sell
Current Market Cap: C$49.8M
For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.