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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. The Company 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, 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 MidtownGuyon Dec 03, 2021 11:15am
288 Views
Post# 34194890

It's the market, not PYR

It's the market, not PYRThe whole market is selling off, small caps especially, which have been hit particularly hard for almost three months now.

Large short positions have been taken on assumptions of over-heated sectors of the market, in PYR's case assumptions about supply chain and contract delays, and what's deemed a too high SP. It's an assumption of vulnerability, whether true or not. That's just how they work.

But it's not just PYR, as Canadian industrial tech small cap is getting smoked lately:

XBC down 14% this week, 34% this month.
GRN down 9% this week, 25% this month.
PYR down 17% this week, 27% this month.

If you think somehow this is just a PYR issue, you have no idea of the broader market or you refuse to look beyond this one stock.

Small caps are due for a reversal soon, as they've taken the most lumps, so hang in there.
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