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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 GrahamBon Oct 27, 2023 8:20pm
350 Views
Post# 35705237

Other than that Mrs Lincoln How was the play?

Other than that Mrs Lincoln How was the play?

The  current facts:

  1. Delisting: “PyroGenesis Canada (TSX:PYR) has informed the Nasdaq that it intends to voluntarily delist from the exchange. The decision, caused by a failure to maintain a minimum US$1 share price” 
  2. , Declining revenues, lack of profitability, risks of running out of working capital and liquidity issues. MRQ  posting net income of -C$6.35 million in Q2 2023
  3. Allegations of fraud by Quebec, regulators, and ongoing sales by the trust don’t help.

A direct assessment of the facts does not suggest a positive course,coupled with negative momentum as the stock trades at a multi year low.

So how is the play going Science first and other promoters?

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