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PyroGenesis Canada ( (TSE:PYR) ) has issued an announcement.
PyroGenesis Inc. announced the repricing and extension of up to 1,581,250 common share purchase warrants, reducing the exercise price from $1.20 to $0.63 and extending the expiration date to July 17, 2026. This strategic move, approved by the TSX, aims to enhance financial flexibility and support general corporate purposes, potentially impacting the company’s market positioning by making warrant exercise more attractive to holders.
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 Underperform.
PyroGenesis Canada faces significant financial challenges, with declining revenues and a highly leveraged balance sheet being the most critical factors. The technical analysis indicates a bearish trend, and the valuation metrics reflect the company’s unprofitable status. These factors collectively result in a low overall stock score.
To see Spark’s full report on TSE:PYR stock, click here.
More about PyroGenesis Canada
PyroGenesis Inc. is a leader in plasma technology, providing advanced engineering solutions for energy, propulsion, destruction, process heating, emissions, and materials development challenges in heavy industry and defense. The company serves global leaders in sectors such as aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government, operating from its headquarters in Montreal with ISO-certified facilities.
Average Trading Volume: 209,558
Technical Sentiment Signal: Sell
Current Market Cap: C$46.99M
Find detailed analytics on PYR stock on TipRanks’ Stock Analysis page.