Total
0
Shares
PyroGenesis - President and CEO, P. Peter Pascali, - The Market Herald Canada
President and CEO, P. Peter Pascali,
Source: PyroGenesis
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • PyroGenesis Canada Inc. (PYR) has issued a response to this morning's trading activity
  • The company wishes to reassure investors that all projects are on track and that there are no undisclosed events driving this morning's decline in their share price
  • Peter Pascali, CEO and Chairman of PyroGenesis iterated his belief that the company is in the strongest position it has ever been
  • PyroGenesis Canada Inc. (PYR) is down 9.06 per cent, trading at C$10.34 per share at 3:30 pm EST

PyroGenesis Canada Inc. (PYR) has issued a response to this morning's trading activity.

The company wishes to reassure investors that all projects, including the NASDAQ listing, are all on track and that there are no undisclosed events to warrant this morning’s decline.

PyroGenesis confirms that everything material has been disclosed via press releases or financial reports. PyroGenesis further confirms that none of the contracts previously disclosed, nor the NASDAQ listing, are at risk.

Last, but not least, the company wishes to reassure investors that the company remains on track with current and prospective projects, as well as with the NASDAQ listing.

“I just wanted to take the time to reassure investors that the decline in stock price this morning cannot be explained by any undisclosed developments at the company, as all material events have been disclosed,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis.

“The board believes the company is in the strongest position it has ever been with (i) a backlog at historical levels, (ii) a pipeline that is growing exponentially, and (iii) a clean balance sheet which, as of today, posts cash-on-hand in excess of $27.5M.”

PyroGenesis Canada Inc. is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The company provides its engineering and manufacturing expertise to customers in the defense, metallurgical, mining, advanced materials and environmental industries.

PyroGenesis Canada Inc. (PYR) is down 9.06 per cent, trading at C$10.34 per share at 3:30 pm EST.

More From The Market Herald
Cematrix (TSXV:CVX) secures $6.9M in new contracts

" CEMATRIX (TSXV:CVX) announces upsizing of public offering

CEMATRIX Corporation (CVX) has filed an amended and restated preliminary short form prospectus for its public offering.
buildings - The Market Herald Canada

" Smartcool Systems (TSX:SSC) joins Wates Innovation Network portal

Smartcool Systems has been chosen as a partner for a new self-service, intelligent marketplace for sustainable technologies.
Sparta Group (TSXV:SAY) signs M.O.U. with Ethema Health Corp

" Sparta Group (TSXV:SAY) signs M.O.U. with Ethema Health Corp

Sparta Group (SAY) has signed a Memorandum of Understanding (“MOU”) with Ethema Health Corporation.
Zen Graphene (TSXV:ZEN) sets up viricidal ink manufacturing base

" Health Canada authorizes Sparta Group’s (TSXV:SAY) COVID-19 antibody and antigen rapid-tests

Health Canada Authorizes Sparta COVID-19 Safety System’s antibody and antigen rapid-tests.