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The latest update is out from PyroGenesis Canada ( (TSE:PYR) ).
PyroGenesis has announced significant advancements in its fumed silica reactor pilot plant, achieving a threefold increase in material surface area and substantial improvements in impurity reduction and yield. These results bring the system closer to commercial readiness, with the company replicating lab-scale results at a rapid pace, indicating a promising scale-up potential for industrial applications.
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 Neutral.
The overall stock score is primarily driven by significant financial challenges, including declining revenues, high leverage, and negative cash flows. Technical analysis also indicates weak market momentum. While recent corporate events show positive strategic developments, they are insufficient to counterbalance the financial and technical weaknesses.
To see Spark’s full report on TSE:PYR stock, click here.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company that designs, develops, manufactures, and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts.
Average Trading Volume: 122,281
Technical Sentiment Signal: Sell
Current Market Cap: C$54.38M
See more insights into PYR stock on TipRanks’ Stock Analysis page.