One of the companies which you may consider looking into this morning is that of Kontrol Technologies Group (OTCMKTS:KNRLF) after the company made a significant announcement on Friday.
On Friday, KNRLF stock lost 2.69% to $0.2968 with more than 27.48K shares, compared to its average volume of 17.37K shares. The stock moved within a range of $0.2900 – 0.3348 after opening trade at $0.2962.
Kontrol Technologies Subsidiary CEM Specialties Wins New Emissions Analyzer Order from Global Cement Company
Kontrol, which is involved in the smart buildings and cities space, announced that its subsidiary unit CEM Specialists had received an order from a multinational cement company for its new Emission Analyzer. It was a significant announcement from the company and it is going to be interesting to see if it leads to any action for the stock or not. The Analyzer product in question is going to help in the monitoring of emissions in real time with analysis for a cement plant that is situated in the United States.
In this regard, it ought to be noted that CEM Specialists is well-known integrator of turnkey process and emissions monitoring equipment for use in Canada and the United States. On the other hand, it is also necessary to note that the service also comes with an annual preventive maintenance service in the contract. At this point in time, it is going to be interesting to see if the Kontrol stock can come into focus among investors or not.
KNRLF stock is trading below the 20-Day and 50-Day Moving averages of $0.43 and $0.68 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.01.