Cematrix Secures $4.6 Million In Additional Contracts

Cematrix Corp (TSXV: CVX) is looking to close out the year with additional contracts under its belt. The firm this morning provided an update to its current backlog, indicating it had received a number of new contracts as late.

The company has secured an additional $4.6 million in contracts to add to its backlog. With the addition of these contracts, the firms total backlog is now pegged at $86.1 million. Backlog currently consists of $24.9 million in contracted work while $61.2 million is contracts in process.

The new contracts are said to largely consist of a series of small to mid sized projects, with a “couple” being in the million dollar range. Furthermore, $3.2 million of the new contracts were previously characterized as contracts in process.

Cematrix Corp last traded at $0.32 on the TSX Venture.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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