Sometimes headlines come across the desk that have a ripple effect that last multiple sessions following the actual press release or announcement. That seems to be the exact case for a certain Montreal-based industrial company seeing that it has found tremendous success on Wednesday even though no major event has been announced since yesterday morning. 

Traders liked what they saw when it comes to PyroGenesis Canada Inc. (TSX:PYR)(OTCQX:PYRGF) as shares on the Canadian side of things are trading at $0.68/share (+4.62%) as we head into the close. This move is likely due to yesterday’s announcement that the company received a non-refundable down payment totaling $667,252 (US$500,000) from a US-based technology company, according to the release.

PyroGenesis Canada Inc is engaged in the design, development, manufacture, and commercialization of advanced plasma processes and systems. The company provides technical & manufacturing expertise, cutting-edge contract research, and turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil & gas, and environmental industries. Its Product categories include Aluminum & Zinc Dross Recovery, Plasma Atomized Metal Powders, Waste Management, Innovation / Custom Process Development, and Plasma Torches. Its geographical segments are Canada, United States, Europe, Mexico, Asia, Israel, Saudi Arabia, China, Australia, South America, and Africa.

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