(Image via PyroGenesis Canada Inc.)
Fossil fuels seem to be trending “the way of the dinosaurs” from which they came, especially considering the recent developments behind
PyroGenesis Canada Inc. (TSX-V: PYR, Forum).
The Montreal-based high-tech plasma processing company has long topped the chatter of Stockhouse’s Bullboards and this week was no different, especially after it told shareholders that replacing fossil fuel burners with the its proprietary plasma torches had seen a
positive impact in greenhouse gas reduction strategies.
PYR announced that it had completed and accepted a modeling contract with a client and confirmed the receipt of a draft equipment purchase contract.
From the news statement, the company said that modeling contract “successfully demonstrated the benefits of replacing fossil fuel burners with PyroGenesis’ proprietary plasma torches.”
(PyroGenesis stock chart – September 2019 – 2020. Click to enlarge.)
PYR announced that it had completed and accepted a modeling contract with a client and confirmed the receipt of a draft equipment purchase contract.
From the news statement, the company said that modeling contract “successfully demonstrated the benefits of replacing fossil fuel burners with PyroGenesis’ proprietary plasma torches.”
The company’s stock performance was relatively unphased by the market cave-in from March and has been rocketing upward since then.
Another repeat performance from last week can be seen among Energy Stock Bullboards, specifically oil producers such as
Crescent Point Energy Corp. (TSX: CPG, Forum) and
Baytex Energy Corp. (TSX: BTE, Forum), as well as with natural gas plays like
CGX Energy Inc. (TSX-V: OYL, Forum) and
Painted Pony Pete Ltd. (TSX: PONY, Forum). This news continued from last week, where the damages from Hurricane Laura, a Category 4 storm that was equal in strength to the strongest on record to make landfall in Louisiana had a major effect on oil and gas producers, causing resource prices to steadily climb.
Industry insured losses to onshore property resulting from Hurricane Laura’s winds and storm surge will range from
$4 billion (USD) to $8 billion, according to a recent report from catastrophe risk modeling firm AIR Worldwide.
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Sona Nanotech Inc. (CSE: SONA, Forum) had been the talk of the Healthcare Bullboards for some time because of its COVID work, but recently the small Halifax-based R&D nanotech life sciences company has gotten into the business of something quite different, but also quite newsworthy.
SONA, a developer of rapid, point-of-care diagnostic tests, has engaged leading sports consulting firm
Bonham/Wills & Associates to assist in securing test development sponsorship partners for its next rapid-response test R&D project for
mild-traumatic brain injury. Leveraging SONA’s proprietary gold nanorod technology, Bonham/Wills is out to find partners to participate in the development of a prototype, and eventual field validation, for a test for mild- concussions.
SONA’s concussion test will detect the presence of Glial fibrillary acidic protein (GFAP), a biological marker associated with this type of brain injury, which is typically released into the blood stream within minutes of an impact to the head.
GFAP has been approved by the US Federal Drug Authority (FDA) as an effective indicator that may lead to a patient to suffer a concussion. The company stated that it expects this test will be in the form of a lateral-flow assay, similar to its COVID-19 rapid antigen test and will be designed to be administered in-field within a few minutes of a causality event, without the need for laboratory equipment or medical expertise.
Another medical play that has found a distinct way to help patients get the treatments they need in times of COVID is
CloudMD Software & Services Inc. (TSX-V: DOC, Forum).
CloudMD received solid publicity recently, as one of the companies singled out by the US government when it launched the
Pledge to Embrace Technology to Advance America’s Health in late August 2020.
The intent, according to the news release, is to assure people that "telehealth is here to stay," and that plays directly into CloudMD’s business. The White House also signed an executive order to extend telehealth services offered to Medicare beneficiaries earlier this month.
In these times of social distancing, CloudMD is seeing a lot of new business in digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. This has been reflected in its rising share value, as seen below.
(CloudMD stock chart – June – Sept 2020. Click to enlarge.)
Positive news appears to have translated into positive stock activity in this case, do you agree?
Taking a look at last week’s Stockhouse user poll – “Do you make a move on any company following their news related to COVID-19 treatments?” – The answer appears to be … not really.
This week, we are asking you which sector you think has rebounded the best in the six months following the infamous March market tumble. Cast your vote by clicking the image below.
(Click image to go to the poll)
As things appear to be shaking out with summer turning into fall and market activity on the verge of heating up once more, one thing is for sure is that the more ingrained a situation, the clearer the idea of how it will play out. Buzz on the Bullboards aims to deliver the Stockhouse community view on where things are and where things are going, next week will likely be no different. For previous editions of Buzz on the Bullboards:
click here.
FULL DISCLOSURE: PyroGenesis Canada Inc. is a client of Stockhouse Publishing.