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PyroGenesis Canada ( (TSE:PYR) ) just unveiled an announcement.
PyroGenesis has received additional independent verification that its fumed silica produced by its fumed silica reactor pilot plant meets the commercial “150” grade standard, with both specific surface area and viscosity matching established benchmarks required for industrial applications. The company has successfully scaled its earlier lab results to pilot scale, progressively boosting surface area from 26 m²/g to as high as 191 m²/g, positioning the technology for a range of traditional fumed silica markets such as coatings, adhesives, sealants, inks, elastomers, insulation binders, and other high-performance uses. This validation from multiple independent entities, including a potential customer and a global fumed silica manufacturer collaborating with PyroGenesis, strengthens the company’s prospects for commercial deployment of the process, supports its ambitions to target higher-grade products, and could enhance its competitive standing in a widely used materials market where it holds an exclusive equipment-supplier role via 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. is a Montreal-based provider of ultra-high temperature plasma-based technologies and advanced engineering solutions for heavy industry and defense. Leveraging more than three decades of plasma technology expertise, the company develops processes and equipment for applications such as energy, propulsion, process heating, and materials transformation, including an exclusive role in supplying equipment for the commercialization of a new quartz-to-fumed-silica process through its 50% stake in HPQ Polvere Inc.
Average Trading Volume: 277,339
Technical Sentiment Signal: Sell
Current Market Cap: C$49.6M
For detailed information about PYR stock, go to TipRanks’ Stock Analysis page.