Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly 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 (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.


TSX:PYR - Post by User

Post by tamaracktopon Jan 31, 2023 10:56am
322 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.




<< Previous
Bullboard Posts
Next >>