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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 tamaracktopon Jan 31, 2023 10:56am
298 Views
Post# 35256729

Look on the bright side

Look on the bright sideHe may have sold every day since last Monday, but he's only sold 216,000 shares.

He can't keep selling forever.

Apparently he doesn't intend to.

The problem, as I see it, is one of momentum.

After making its low on December 28th at $0.84, and closing at $0.90 that day, this stock didn't do anything for weeks.

It recorded 8 closes at $1.05 or lower in the ensuing weeks, as recently as January 19th, when it closed at $1.01.

It wasn't doing anything.

It had no momentum, in either direction.

This recent rally stopped abruptly on Friday at $1.75.

Very abruptly.

Yesterday's close at $1.40 was down exactly 20% from Friday's high.

 During its most recent selloff, it had downside momentum when it lost 60% from $2.08 on September 12th to $0.84 on December 28th, and then it went sideways.

It went sideways for weeks.

After last week's rally, it has momentum again, but the momentum is to the downside, and the stock is coming from $1.75.




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