Ecolomondo Secures Tire Feedstock for Major Texas Recycling Expansion

The latest update is out from Ecolomondo Corporation ( (TSE:ECM) ).

Ecolomondo Corporation has secured sufficient feedstock supply for its planned six‑reactor TDP facility in Shamrock, Texas, which is expected to be three times larger than its Hawkesbury plant and one of the largest scrap tire pyrolysis operations in North America. Backed by letters of intent with tire retailers and municipalities for end-of-life tires and the prospect of tipping-fee revenues, the Shamrock project is set to leverage Ecolomondo’s modular technology to reduce capital costs, shorten lead times and lower execution risk, reinforcing the company’s growth ambitions in sustainable tire recycling and expanding its capacity to generate revenue from recovered products and significant CO2 emissions reductions.

The most recent analyst rating on (TSE:ECM) stock is a Hold with a C$0.17 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 Neutral.

Ecolomondo Corporation’s overall stock score is primarily impacted by its financial performance, which is the most significant factor. The company’s financial health is weak, with high debt levels and negative profitability metrics. Technical analysis further supports a bearish outlook, with the stock trading below key moving averages. Valuation metrics are also unfavorable, reflecting the company’s ongoing financial difficulties. Without earnings call insights or notable corporate events, the score is heavily weighted by these existing challenges.

To see Spark’s full report on TSE:ECM stock, click here.

More about Ecolomondo Corporation

Ecolomondo Corporation is a Canadian cleantech company specializing in proprietary Thermal Decomposition Process (TDP) technology that recycles end-of-life tires into high-value reusable commodities such as recovered carbon black (rCB), oil, syngas, fiber and steel. Headquartered in Québec and listed on the TSX Venture Exchange and OTCQB, the company operates TDP turnkey facilities, beginning with its Hawkesbury plant, and targets industrialized markets in North America and Europe where it can locate plants close to tire feedstock and offtake customers, positioning itself as a contributor to the circular economy and a future leading producer and reseller of recovered resources.

Average Trading Volume: 24,850

Technical Sentiment Signal: Sell

Current Market Cap: C$43.09M

Find detailed analytics on ECM stock on TipRanks’ Stock Analysis page.