CEMATRIX Co. (CVE:CVX – Get Free Report) rose 3.1% during mid-day trading on Wednesday . The stock traded as high as C$0.50 and last traded at C$0.50. Approximately 112,200 shares traded hands during trading, a decline of 44% from the average daily volume of 201,425 shares. The stock had previously closed at C$0.48.
Analyst Upgrades and Downgrades
Separately, Clarus Securities upgraded CEMATRIX to a “strong-buy” rating in a report on Friday, May 10th.
Check Out Our Latest Report on CVX
CEMATRIX Price Performance
CEMATRIX (CVE:CVX – Get Free Report) last posted its earnings results on Wednesday, April 10th. The company reported C$0.02 earnings per share for the quarter. CEMATRIX had a return on equity of 11.65% and a net margin of 5.96%. The company had revenue of C$19.55 million for the quarter. As a group, research analysts forecast that CEMATRIX Co. will post 0.0199914 EPS for the current year.
Insider Buying and Selling
In other news, Senior Officer Jeffrey Norman Kendrick sold 750,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$0.35, for a total transaction of C$262,500.00. In the last ninety days, insiders have sold 820,000 shares of company stock valued at $295,700. 4.31% of the stock is owned by insiders.
About CEMATRIX
CEMATRIX Corporation, through its subsidiaries, focuses on the sale and onsite production of cellular concrete for various applications in the infrastructure, industrial, and commercial construction markets in North America. Its cellular concrete products are used as lightweight backfill for MSE walls, bridge approach fills, roadways and runways, and slope stabilization; insulation material for oil and gas facility slabs, roadways, shallow utilities, and contaminated site remediation; and grout, such as tunnel grouting, annular pipe grout, and pipe abandonment, as well as flowable fills applications.
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