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The latest update is out from Ecolomondo Corporation ( (TSE:ECM) ).
Ecolomondo Corporation has successfully tested its new milling line, achieving a throughput of 2,700 lbs per hour of recovered carbon black, surpassing its target. This milestone brings the Hawkesbury facility closer to full production, with commercial production expected by the end of May 2025. The facility will process over 1.5 million scrap tires annually, producing significant quantities of recovered carbon black, oil, and steel. This development is expected to generate $12.1 million in annual revenues, with a projected EBITDA of 45 to 50%. The company has also been nominated for the 2025 Recircle Awards, highlighting its contributions to 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, based in Québec, is a Canadian cleantech company specializing in the development and deployment of its proprietary Thermal Decomposition technology (TDP). This technology recovers valuable commodities from scrap tire waste, including recovered carbon black, oil, syngas, fiber, and steel. Ecolomondo aims to be a leader in the cleantech industry and contribute to the global circular economy.
YTD Price Performance: 24.32%
Average Trading Volume: 30,181
Technical Sentiment Signal: Sell
Current Market Cap: C$50.02M
For detailed information about ECM stock, go to TipRanks’ Stock Analysis page.