Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
PyroGenesis Canada ( (TSE:PYR) ) has provided an update.
PyroGenesis has received further independent verification that its fumed silica reactor pilot plant is producing commercial-grade fumed silica at the key 150 m²/g surface area benchmark, with the required viscosity confirmed by multiple laboratories, including a potential customer. The successful replication at pilot scale of earlier lab results for both surface area and rheology suggests the material is suitable for industrial applications such as coatings, adhesives, sealants and insulation binders, and the ongoing rise in surface area performance to as high as 191 m²/g positions the company to target a range of higher-value commercial grades and strengthens its prospects in the broad fumed silica market through its partnership with HPQ Polvere.
The most recent analyst rating on (TSE:PYR) stock is a Sell with a C$0.23 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.
PyroGenesis Canada faces significant financial challenges, which heavily impact its overall score. The earnings call provides some positive insights with a strong backlog and strategic initiatives, but these are offset by declining revenues and profitability. Technical analysis shows mixed signals, and the valuation is unattractive due to negative earnings. 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., listed on the TSX, OTCQX and Frankfurt exchanges, develops ultra-high temperature plasma-based technologies and advanced engineering solutions for heavy industry and defense. The company is designing and building a fumed silica reactor pilot plant for HPQ Polvere Inc., in which it holds a 50% interest and for which it is the exclusive equipment supplier for any future commercialization of the process.
Average Trading Volume: 277,339
Technical Sentiment Signal: Sell
Current Market Cap: C$49.6M
For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.