CEMATRIX Corporation (OTCMKTS:CTXXF) Stock In Focus After Recent News

Leading North American manufacturer and supplier of technologically superior cellular concrete products CEMATRIX Corporation (OTCMKTS:CTXXF) is one of the companies that may well be in focus today.

Trading Data

On Tuesday, CTXXF stock ended flat at $0.1459 with 29.60K shares, compared to volume of 9.20K shares. The stock moved within a range of $0.1459 – 0.1459 after opening trade at $0.1500.

CEMATRIX Announces $5.9 Million in New Contracts, Backlog Continues to Grow to $95.7 Million

The company was in focus on Tuesday after it announced that it had managed execute as much as $5.9 million in the form of new contracts and that brought the total value of the contracts executed since the end of the previous fiscal year to as much as $21.7 million. Since August 3, 2022, the total value of the contracts stood at $58.3 million. It was also announced that as much as $38.3 million of the current backlog is scheduled for this year and $34 million of the 2023 backlog is already contracted.

Up until yesterday, the current backlog at CEMATRIX Corporation represented as much as 31.7% rise when compared to the total sales that it had completed in 2022. The increase would continue to rise in percentage throughout the course of the year as new contracts are bagged and then completed throughout the rest of 2023. The corporations’ total backlog went up to as much as $95.7 million and that worked out to a rise of 19.8% from December 31, 2022.