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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

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

Post by electriquemanon Apr 15, 2021 5:15pm
276 Views
Post# 33006131

Too little, too late to start buying back shares

Too little, too late to start buying back shares
PYR could have bought back shares at more strategic times to support the chart.
 
PYR could have bought when the SP was on support or when it was about to cross resistance.  The chart speaks and you have to listen to it.
 
PYR should have bought on March 25, 2021 and especially on April 1, 2021 to confirm an exit from a bearish corridor.  If PYR had done that then we wouldn't be here complaining about the SP falling like a rock.
 
Look what happens when we cross a major support like at 7.71 on April 12, 2021. It falls!  But now we're probably going down to $5.68.  This is the extension of the bearish corridor support.  If we take a 3 month chart and connect the closing price of February 11, 2021 ($8.63) and March 3, 2021 ($8.73) then that brings us to a POSSIBILITY of $5.68.  
 
But nothing prevents PYR from going down to another $4.24 support from January 20, 2021.
 
If no major news comes out then PYR can go all the way down there!
 
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