this is actually AMAZING !!!.. we suddenly got a lot of new very important info today -- ahead of schedule!!!... major glimpse into the torchcontract(s) situation, and it sure looks promising!...
ANOTHER UPDATE just now: 03:18 PM EDT, 09/11/2020 (MT Newswires) -- PyroGenesis Canada (PYR.V), down 12% on Friday, said none of its contracts are at risk and its current and prospective projects are on track.
The company said the drop in the shares may have come about after a fund manager gave an interview where he said PyroGenesis was unlikely to sell more than two of its plasma-torch systems over the next six months.
"I can confirm that the company has visibility on more torch orders than that alluded to in the interview. In fact, I can confirm that the current status of torch negotiations with various clients anticipate closing more than 1-2 torch deals in well under 3 months, let alone 3-6 months. These comments are not meant to reflect badly on the analyst in question, but merely to provide additional insight," chief executive Peter Pascali said in a release.
PyroGenesis shares were last seen down C$0.58 to C$4.45 on the TSX Venture Exchange after earlier touching C$4.02.
Price: 4.45, Change: -0.58, Percent Change: -11.53