PyroGenesis Canada (NASDAQ:PYR) Trading 3.9% Higher

PyroGenesis Canada Inc. (NASDAQ:PYR – Get Rating)’s stock price traded up 3.9% during trading on Friday . The stock traded as high as $0.79 and last traded at $0.77. 38,009 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 33,224 shares. The stock had previously closed at $0.75.

PyroGenesis Canada Price Performance

The company’s 50 day moving average price is $0.77 and its 200 day moving average price is $1.12. The company has a market cap of $134.33 million, a price-to-earnings ratio of -3.87 and a beta of -0.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.22 and a current ratio of 1.29.

PyroGenesis Canada (NASDAQ:PYR – Get Rating) last issued its quarterly earnings results on Friday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $4.34 million for the quarter. PyroGenesis Canada had a negative return on equity of 133.83% and a negative net margin of 191.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cibc World Market Inc. acquired a new position in PyroGenesis Canada during the 1st quarter worth about $50,000. Lazard Asset Management LLC acquired a new position in PyroGenesis Canada during the 1st quarter worth about $58,000. Mackenzie Financial Corp lifted its position in PyroGenesis Canada by 66.6% during the 1st quarter. Mackenzie Financial Corp now owns 34,068 shares of the company’s stock worth $85,000 after buying an additional 13,613 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in PyroGenesis Canada by 24.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 73,929 shares of the company’s stock worth $144,000 after buying an additional 14,346 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in PyroGenesis Canada by 97.1% during the 1st quarter. Royal Bank of Canada now owns 75,290 shares of the company’s stock worth $188,000 after buying an additional 37,088 shares in the last quarter. Institutional investors and hedge funds own 0.62% of the company’s stock.

PyroGenesis Canada Company Profile

(Get Rating)

PyroGenesis Canada Inc designs, develops, manufactures, and commercializes plasma processes and systems in Canada and internationally. It offers DROSRITE, a process for enhancing metal recovery from dross without any hazardous by-products, targeting primarily the aluminum and zinc industries; PUREVAP, a process to produce high purity metallurgical and solar grade silicon from quartz; and PUREVAP Nano Silicon Reactor, which is designed to transform silicon into spherical silicon powders and silicon nanowires for use in lithium-ion batteries.