Pyrogenesis Canada Inc T.PYR

Mackie Research Coverage

[analyst8]

Back in December 2014 Mackie covered Pyrogenesis with a target price of $0.70 .. next coverage will have an extra zero at the end of that target price.

Mackie Research Capital Corp. initiated coverage on PyroGenesis Canada Inc (TSXV: PYR), engaged in designing, developing and manufacturing plasma waste-to-energy systems and plasma torch products, with a speculative buy rating assigning a 12-month price target of C$0.70, indicating an upside of 145.6% from current levels.

Company Name	Exchange	Ticker	Last Price	Market Cap	Recommendation	Analyst Name	Rating Company	Target Price	Upside/ Downside (%)

PyroGenesis Canada Inc

TSXV

PYR

0.29

22.9

Initiate with speculative buy

Raveel Afzaal

Mackie Research Capital Corp.

0.70

145.6%

[NSPfacts]

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[sandysouci]

you can bet that Mackie will be coming up with a new report at some point, but imho, it can't be released too close to the financing date (the one that just happened) just for appearances... I figure they will want to wait a least a month, but probably more like 2-3-4 months???.... hard to say exactly... and their target price will definitely be HIGHER than the $3.60 financing price...