Claim 70% Off TipRanks This Holiday Season
- 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
The latest announcement is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG has successfully raised approximately EUR 13 million through a capital increase, issuing 473,846 new shares at EUR 27.50 each. The funds will be used for partner projects, modernization efforts at their Dillingen/Saar site, and to strengthen their equity base. This capital increase underscores the company’s significant role in the European circular economy and its commitment to advancing recycling technologies, particularly for complex waste materials. The new shares will be integrated into existing listings on the Frankfurt and Oslo Stock Exchanges.
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, specializing in the innovative thermolysis technology for recycling end-of-life tyres and plastics with minimal emissions. The company produces high-quality products like thermolysis oil and recovered Carbon Black, which are utilized by major companies such as BASF and Continental. Pyrum Innovations is committed to sustainability and has been operational since 2008, with its first plant in Dillingen/Saar running continuously since 2020.
Average Trading Volume: 1,080
Current Market Cap: NOK1.57B
See more data about PYR stock on TipRanks’ Stock Analysis page.