What’s Propelling CEMATRIX Corp to Increase So Much?

 What's Propelling CEMATRIX Corp to Increase So Much?

The stock of CEMATRIX Corp (CVE:CVX) is a huge mover today! About 67,720 shares traded hands or 198.92% up from the average. CEMATRIX Corp (CVE:CVX) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 6 months positive chart setup for the $13.27 million company. It was reported on Nov, 17 by Barchart.com. We have $1.13 PT which if reached, will make CVE:CVX worth $25.08 million more.

More notable recent CEMATRIX Corp (CVE:CVX) news were published by: Finance.Yahoo.com which released: “CEMATRIX Corporation Announces a $500000 Equipment Financing Agreement” on October 31, 2016, also Marketwired.com with their article: “CEMATRIX Corporation Announces Joint Marketing Agreement with Lafarge” published on June 27, 2016, Marketwired.com published: “CEMATRIX Corporation Secures $2.5 Million in New Contracts” on September 14, 2016. More interesting news about CEMATRIX Corp (CVE:CVX) were released by: Seekingalpha.com and their article: “CEMATRIX Talks With MicroCapClub About Cellular Concrete Gaining Momentum In …” published on April 27, 2016 as well as Valuewalk.com‘s news article titled: “Interview With Thomson Clark Plus Details On The MicroCap Conference Toronto” with publication date: April 23, 2016.

CEMATRIX CORPORATION is a manufacturer and supplier of cellular concrete products with applications in various markets. The company has a market cap of $13.27 million. The Firm focuses on the construction market for infrastructure in Western Canada and Ontario and on a selective basis in Quebec, the Northwest Territories and the United States, and gas and oil construction projects in Western Canada. It has a 10 P/E ratio. The Company’s cellular concrete applications include industrial, oilsands, gas and oil facilities, such as tank foundation systems, pile cap and module infill and insulation, shallow foundation and slab insulation and shallow utility insulation, and infrastructure, such as shallow utility insulation, road construction, bridge abutment and approach backfill, tunnel grouting and lightweight engineered fill.

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