PyroGenesis Canada (NASDAQ:PYRGF) Shares Down 1% - Time to Sell?

Key Points

• PyroGenesis Canada Inc. shares declined by 1% during mid-day trading, closing at $0.28 after trading as low as $0.28.
• The company's market capitalization is approximately $53.03 million, with a P/E ratio of -4.72.
• PyroGenesis specializes in plasma processes for industrial applications, including innovative methods for metal recovery and production of spherical silicon powders for lithium-ion batteries.

PyroGenesis Canada Inc. (NASDAQ:PYRGF - Get Free Report) dropped 1% during mid-day trading on Friday . The company traded as low as $0.28 and last traded at $0.28. Approximately 12,358 shares traded hands during trading, an increase of 1% from the average daily volume of 12,289 shares. The stock had previously closed at $0.29.

PyroGenesis Canada Price Performance

The firm's 50 day moving average price is $0.34 and its two-hundred day moving average price is $0.36. The stock has a market cap of $54.54 million, a PE ratio of -4.85 and a beta of 0.83.

About PyroGenesis Canada

PyroGenesis Canada Inc designs, develops, manufactures, and commercializes plasma processes and solutions worldwide. The company offers DROSRITE, a process for enhancing metal recovery from dross without any hazardous by-products; plasma atomization process that allows produce and sell high purity spherical metal powders; PUREVAP, a process to produce high purity metallurgical and solar grade silicon from quartz; and PUREVAP NSiR, which is designed to transform silicon into spherical silicon nano powders and nanowires for use in lithium-ion batteries.