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Ecolomondo Corporation ( (TSE:ECM) ) has shared an update.
Ecolomondo Corporation announced the continued delivery of recovered carbon black (rCB) from its Hawkesbury TDP facility, with a major off-take customer increasing purchase volumes and a new U.S.-based customer approving rCB for its supply chain. The company also reported the shipment of its 25th tanker load of tire-derived oil, highlighting its operational success and potential for increased market presence.
The most recent analyst rating on (TSE:ECM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Ecolomondo Corporation stock, see the TSE:ECM Stock Forecast page.
Spark’s Take on TSE:ECM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECM is a Underperform.
Ecolomondo Corporation’s stock score is primarily impacted by its financial performance challenges, including high leverage and negative profit margins. Technical indicators suggest a bearish trend, while valuation metrics highlight a lack of profitability. The absence of earnings call data and corporate events means these factors do not influence the score.
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 sustainable scrap tire recycling through its proprietary Thermal Decomposition technology (TDP). The company focuses on recovering high-value commodities such as recovered carbon black, oil, syngas, fiber, and steel from tire waste, contributing to the global circular economy.
Average Trading Volume: 45,647
Technical Sentiment Signal: Sell
Current Market Cap: C$39.69M
For a thorough assessment of ECM stock, go to TipRanks’ Stock Analysis page.