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The latest announcement is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG announced the conclusion of the subscription period for its rights issue aimed at raising up to EUR 21 million through capital increase. This move is part of Pyrum’s strategy to enhance its financial standing and support its ongoing expansion and innovation in recycling technologies. The rights issue allows shareholders to subscribe for new shares, with oversubscription permitted, and is expected to strengthen the company’s market position and operational capabilities.
The most recent analyst rating on (DE:PYR) stock is a Buy with a NOK58.00 price target. To see the full list of analyst forecasts on Pyrum Innovations AG stock, see the DE:PYR Stock Forecast page.
More about Pyrum Innovations AG
Pyrum Innovations AG is a pioneer in the recycling industry, focusing on the innovative thermolysis technology to recycle end-of-life tyres and plastics with minimal emissions. The company produces high-quality products like thermolysis oil and recovered Carbon Black, used by major companies such as BASF, Continental, and Schwalbe, thus promoting a sustainable business model aligned with climate goals. Since 2020, Pyrum has been operating its first plant in Dillingen/Saar, with two additional plants added in 2024, and holds certifications like REACH and ISCC Plus.
YTD Price Performance: 2.63%
Average Trading Volume: 593
Current Market Cap: NOK1.51B
For an in-depth examination of PYR stock, go to TipRanks’ Overview page.