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The latest announcement is out from Ecolomondo Corporation ( (TSE:ECM) ).
Ecolomondo Corporation has successfully installed and commissioned a new milling machine at its Hawkesbury plant, which processes recovered carbon black (rCB) at a rate of 3,000 lbs per hour with a particle size distribution of 97% below 15 microns. This development is crucial for the Hawkesbury facility, as rCB is a significant revenue driver, and the new machine’s output meets the stringent demands of the company’s off-take customers. The completion of this milestone brings the facility closer to full production, with expectations to process up to 1.5 million scrap tires annually, producing various valuable outputs. The company is also nominated for the 2025 Recircle Awards, highlighting its contributions to the circular economy.
Spark’s Take on TSE:ECM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECM is a Neutral.
Ecolomondo Corporation’s stock score is primarily influenced by its financial challenges, including negative equity and cash flow issues. While technical indicators suggest potential short-term strength, the valuation concerns and lack of profitability pose risks. However, positive corporate events and strategic expansions provide some optimism about future growth and market positioning.
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 proprietary Thermal Decomposition technology (TDP) for recycling scrap tire waste into valuable commodities like recovered carbon black, oil, syngas, fiber, and steel. With a 25-year history, Ecolomondo aims to be a leader in the cleantech industry and contribute to the global circular economy. The company is publicly traded on the TSX Venture Exchange and the OTCQB.
Average Trading Volume: 55,240
Technical Sentiment Signal: Buy
Current Market Cap: C$50.02M
Learn more about ECM stock on TipRanks’ Stock Analysis page.