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PyroGenesis Canada ( (TSE:PYR) ) has shared an announcement.
PyroGenesis has secured an initial contract to supply titanium metal powder to a European additive manufacturing company following successful testing of its product. This contract marks a significant step for PyroGenesis as it demonstrates the commercial viability of its NexGen™ plasma atomization process and positions the company favorably within the growing European metal 3D printing market, which is expected to reach $11.2 billion by 2030.
Spark’s Take on TSE:PYR Stock
According to Spark, TipRanks’ AI Analyst, TSE:PYR is a Underperform.
The overall stock score of PyroGenesis Canada reflects significant financial challenges, with the most impactful factor being the poor financial performance, highlighting liquidity and profitability issues. Technical analysis also suggests a bearish trend, further impacting the score negatively. Despite positive corporate events, the financial and technical concerns weigh heavily on the overall score.
To see Spark’s full report on TSE:PYR stock, click here.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company specializing in the design, development, manufacture, and commercialization of advanced plasma processes and sustainable solutions. The company focuses on reducing greenhouse gases and providing economically attractive alternatives to conventional processes. PyroGenesis operates in several markets, including iron ore pelletization, aluminum, waste management, and additive manufacturing, with a strong emphasis on technology development and commercialization.
Average Trading Volume: 92,894
Technical Sentiment Signal: Sell
Current Market Cap: C$73.99M
See more data about PYR stock on TipRanks’ Stock Analysis page.