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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
