Taronis Technologies (TRNX) Stock Could Be A Great Buy!

Taronis Technologies TRNX Stock News

Taronis Technologies Inc (NASDAQ: TRNX) has been dipping a bit as of late. After a tremendous early-August run for the top, the stock has been dipping, giving up just about all of the gains that we saw earlier in the month. Nonetheless, I still view the stock as a strong opportunity.

In news today, the company announced that it has been invited to a key event as a speaker. Of course, this is good news, but it’s not the only reason I’m ecited about the stock. Here’s the scoop:

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TRNX Stock To Be Outlined At Renewable Resource Event

Taronis Technologies issued a press release issued early this morning. In the release, the company said that it has been invited to participate as a keynote speaker at the upcoming Greentech in Shipping USA Conference.

The conference is scheduled to be held on September third and fourth at the Hilton Blue Lagoon in Miami.

This is great news. After all, leading United States Port executives and key representatives from many of the largest global operators in shipping, transportation, cruise line, ship construction and sustainability technology will be attendees at the event. Ultimately, this gives TRNX the ability to mingle with big players, potential creating accretive relationships in the process.

Why I’m Excited About The Stock

While today’s news was positive, it’s not the only reason to be excited about Taronis Technologies. One of the big points of value here has to do with Taronis Fuels.

Recently, TRNX announced that it would spin off Taronis Fuels, providing investors with shares of the newly spun off company when the transaction takes place. Lately, Taronis Fuels has generated compelling production and revenue growth. Moreover the company has announced agreements to bring its Venturi Gasification technology to Turkey and South America.

With all that’s happening around Taronis Fuels, the long term potential of the company is incredible.

Outside of Taronis Fuels, there is plenty of value left in Taronis Technologies. In particular, the company’s water-focused technologies could pay dividends in the future.

In more recent news, a TRNX subsidiary, known as Water Pilot, saved a Holiday Inn Franchisee a ton of money on water costs after finding a leak that would have otherwise gone unnoticed.

The company also recently announced successful results of a water treatment product targeting cyanobacteria during blue green algae blooms. With a significant reduction in this dangerous bacterial, municipalities across the southern United States will likely see value in the technology.

To view the details on all of this recent news, check out all of our articles on TRNX here.

The Bottom Line

As the information above was released, investors rejoiced, sending Taronis Technologies to new highs. However, the stock has all but given up its gains over the past several sessions and now likely trades at a steep discount.

It’s important to keep in mind that the news has not changed here. TRNX is still spinning off Taronis Fuels. The company is still bringing its plasma arc gassification technology to the international stage, it’s Holiday Inn Franchisee customer is still happy, and revenues are still growing. All in all, this is a stock that should be on your radar as it has tremendous growth potential ahead.

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