Rixman wrote:Hi , I am new here, just wondering if anyone can give me some info on how this company went up to $11.00 and then back to the price it's at today? Just wondering ! Thanx
Pyr has been pursuing plasma technology processes since 1990. Around the time the COVID thing hit and all the stocks pumped to the moon, word around town was rio Tinto was testing our torches, the stock ran from 50 cents to $11. Obviously some bad traders fomo'd in like Otto at $11 here, and since then their has been longer than expected delays selling these torches. That's the basics lol
Which is understandable, because giants like rio Tinto and constellium don't want to fork out hundreds of millions of dollars on a new expensive technology without proper research and testing.
Since then there is alot of other things, all compounded to where we are now.
But these boards are cancerous with bashers and there is a large amount of shorts on the stock as well. So I suggest you take any comments with a grain of salt, or a cup of salt.
Focus on the companies news releases and tech etc. And if you see anything in it you like. Personally I do like the investment and tech here, although the company has had it rough. I buy small amounts of shares every few days/weekly.
Other than that, this board and CEO is a comedy. One side is long investors, the other side is mad investors/shorts/bashers.