Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

TSX:PYR - Post by User

Pyrogenesis Canada Inc > Some drift, nothing crazy, seems to be holding well

<< Previous

Bullboard Posts

Next >>

Comment by gojotv!on Dec 14, 2020 10:44pm

241 Views

Post# 32106452

RE:Some drift, nothing crazy, seems to be holding well

I disagree. I always felt that the fair price was between $1.80-$2.80.
After all, this stock was selling in the $0.30 range early this year.
But hey, potayto, potahto, as long as the longs are making money and the shorts are losing their shorts, all is well with the world...
GLTA!

MidtownGuy wrote: The fair price was $4-$5, the jump to $6+ was hype and fomo. The holding/accumulating range since Sept (while being manipulated) is $3.50 - $4.00, with some periodic rises & dips of up to 0.23 each way. Here's the daily chart since mid Sept to today:

https://cdn-ceo-ca.s3.amazonaws.com/1ftfo23-PYR-Dec14.jpg

December on average is a solid (and heavy) trading month -- since 1950 the S&P 500 in Dec. has risen 3/4 of the time, more often than any other month -- with normal down deviations related to tax-loss selling. This year, with large unemployment and economic uncertainty, it's to be expected that deviations from the range will be larger in holding-pattern stocks.

Stocks pick up later in the month on average in prep for the January effect, when investors return to the market post-selloff and post-Christmas gift buying, and new investors enter. And traditionally, small caps like PYR outperform the market during this phase, especially those with lower liquidity (Peter's 50% holding, plus insiders holdings, plus strong-handed longs likely = at least 70% of the total shares outstanding, leaving only 40mm-50mm or less shares tradeable day to day).

In other words, I'm not sweating it. The big news -- and big money -- has yet to arrive, it's a more volatile December than usual, there's many catalysts on the horizon, and the daily float is tight. Things are holding pretty well under the circumstances.