Pyrogenesis shares have rallied over 1300% since January 2020 “on the back of a series of aspirational press releases and inclusion in ARK’s PRNT 3D printing ETF,” according to Mariner Research, which claims in a newly published short report that the company “has obfuscated disclosure about related parties, has significant conflicts of interest, recognized revenue from a company it partially owned and financed, and has repeatedly overpromised and underdelivered.” Mariner set a 74c price target on PyroGenesis shares, which are down 12c, or 2%, to $4.91 in early trading.
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