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PyroGenesis CEO Updates Shareholding Plans with Planned Share Sale

Story Highlights

PyroGenesis Canada ( (TSE:PYR) ) has issued an update.

P. Peter Pascali, CEO of PyroGenesis, has updated his early warning report regarding his shareholdings in the company, as he plans to sell up to 850,000 common shares through an automatic securities disposition plan. This move is expected to slightly reduce his total ownership in the company, impacting the overall share distribution but maintaining a significant stake.

Spark’s Take on TSE:PYR Stock

According to Spark, TipRanks’ AI Analyst, TSE:PYR is a Underperform.

PyroGenesis Canada faces significant financial hurdles, reflected in weak financial statements with declining revenues and high leverage. Despite some positive momentum from recent earnings and strategic contracts, the stock remains technically weak with unattractive valuations due to ongoing losses. The company must address core financial and operational issues to improve its overall stock performance.

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

More about PyroGenesis Canada

PyroGenesis Canada is a high-tech company specializing in the design, development, manufacturing, and commercialization of plasma atomized metal powders, environmentally friendly plasma waste-to-energy systems, and clean plasma torch products.

YTD Price Performance: -22.95%

Average Trading Volume: 65,587

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$87.74M

For an in-depth examination of PYR stock, go to TipRanks’ Stock Analysis page.

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