Updates or Deja Vu?Haven't been here for some time, as I recognized the risks of this company didn't warrant anymore time spent on this with ongoing losses, declining revenues, resignation of members of the board due to concerns of fraud, and the ongoing allegations of fraud by the Quebec regulators.
Thought I would scan the stock to see if things have improved.
Financials are pending but top line analysis reveals:
During the past 12 months, PyroGenesis Canada's average Revenue per Share Growth Rate was -46.30% per year.
PYR Cash-to-Debt is ranked worse than
91.57% of 2990 companies in the Industrial Products industry
Industry Median: 1.21 vs PYRGF: 0.10
PyroGenesis Canada has a quick ratio of 0.68. It indicates that the company cannot currently fully pay back its current liabilities.
In the words of the Globe and Mail article :
"The company has never made an operating profit in a dozen years as a public company, and the shares are down 93 per cent from the February, 2021, highs. The big winner at PyroGenesis, instead, seems to be the Pascali family. At least, for now.”
https://www.theglobeandmail.com/business/commentary/article-pyrogenesis-quebec-regulator-fraud-allegations/?cmpid=rss
Ok see you with the next financials
Good luck and hope people are enjoying following this company.
please accept this post as educational and for fun only
dont invest based on what I write(nor anyone here writes imo)
'I don't hold a position-long or short-nor have absolutely NO intention to do so.
Pleased to watch the train wreck from the side;ones-like a raptors or leafs fan