3 Canadian 3D Printing Stocks
Want to invest in Canadian 3D printing stocks? Here’s a brief look at three companies with a foothold in Canada’s emerging 3D printing sector.
When investors think about 3D printing companies, big-name players such as 3D Systems (NYSE:DDD), Proto Labs (NYSE:PRLB) and Stratasys (NASDAQ:SSYS) are often the first that come to mind. The American 3D printing market is advanced, and those three companies have a combined market cap of nearly US$3 billion.
But 3D printing isn’t only happening in the US — the global 3D printing sector is projected to reach US$76.17 billion by 2030, states a report from Grand View Research, and in Canada a handful of smaller 3D printing companies are making names for themselves.
Here the Investing News Network looks at the three Canadian 3D printing stocks on the market today. While the list is somewhat short, the expected growth of the overall industry is nonetheless promising, and investment opportunities may increase in the years to come. Stocks are ordered by market cap from largest to smallest, and all figures were current as of November 23, 2022.
Market cap: C$193.94 million; current share price: C$4.39
Established in 1991, PyroGenesis Canada designs, manufactures and commercializes advanced plasma processes; it also provides engineering and manufacturing expertise to a number of industries, including metallurgical, mining and 3D printing.
PyroGenesis’ plasma atomization process can be used for disposing industrial waste and creating fine metal powders for 3D printing. In 2019, the company launched its NexGen plasma atomization system, a machine capable of producing metal powders at a rate of over 25 kilograms per hour. In mid-2021, PyroGenesis began commercial production of its NexGen plasma atomization powder production line, and shipped its first commercial samples to a customer in the aerospace industry.
In November 2022, the company announced successful operational testing of the Purevap QRR pilot plant for HPQ Silicon Resources. That same month, PyroGenesis was named to Deloitte Canada's cleantech list as part of the firm's 2022 Technology Fast 50 Awards.
Market cap: C$6.466 million; current share price: C$0.05
G6 Material, formerly Graphene 3D Lab, provides high-tech graphene solutions for a variety of commercial, research and military applications at a low cost. The Canadian 3D printing stock's intellectual property portfolio includes patented technology for producing 3D-printed materials for energy storage devices, as well as a patented multi-segment 3D printing filament for the commercial distribution of complex structures made from different materials.
G6 Materials has commercialized a conductive graphene filament that allows users to 3D print electrically conductive components using almost any commercially available desktop 3D printer. The filament can be used to 3D print circuitry, capacitive touch sensors and electromagnetic and radio-frequency shielding.
Market cap: C$1.99 million; current share price: C$0.04
Last on this Canadian 3D printing stocks list is Tinkerine Studios, the first pure-play 3D printing company to trade on a Canadian stock exchange. Tinkerine Studios, which began trading on the TSXV under the symbol TTD in 2014, designs and distributes 3D printers, software and other related content. The company prides itself on educating the public about the creative problem solving that can come through understanding how to implement 3D printing technology into everyday life.
Its current product offerings include: DittoPro, its award winning 3D printer; Tinkerine Suite, its 3D printing software; Tinkerine Filament, its premium-grade filament; Tinkerine Skills platform, the company’s online educational platform on 3D printing knowledge and skills; and Tinkerine Cloud, a secure and centralized digital workspace for hosting 3D design files and processing for 3D printing.
Tinkerine Studios also provides accessories, including anti-theft security cables, print removal knives, print surface clips, print surface tape and its Tinkerine Essentials tool kit.
This is an updated version of an article first published by the Investing News Network in 2017.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.