Investors are regularly on the lookout for innovative companies to track, and if you are currently looking into specialty construction specialists, then it may be a good idea to consider tracking the Cematrix Corp OTC: CTXXF) stock. On Monday, the company was in sharp focus among investors after it made an announcement with regards to new contracts it had been awarded.
New Contracts
On February 10, Cematrix Corpannounced that it had been successful in winning as much as $5.8 million worth of new contracts. The awards had been a combination of contracts which had been executed and those which were in the process. In the news release, the company announced that some of the significant contracts it won included one for a large heavy tunnel grouting application and a change order related to adding more lightweight fill applications on a light rail project.
Key Commentary
The company announced in the news release that the contract awards demonstrated considerable confidence that its customers had in the sales and operations team of Cematrix Corp to deliver projects on time as well as on budget. At this point, it is going to be interesting to see if the latest contract awards lead to any traction for the stock.
