Cematrix Announces $3.6 Million in New Awards, Growing Backlog now at $96.2 Million

Nowadays more and more viewers are moving away from the written word and going into video or audio when it comes to imbibing any kind of knowledge. Nowadays most investors prefer going through a video or a podcast in order to get information about the latest events in the stock market.

Hence, it is no surprise that YouTube has now emerged as one of the most popular haunts for many investors and it is no surprise considering the number of reliable investment-related channels that have emerged.

Enter Your E-mail Address To Subscribe

* indicates required

One of the more popular and reliable investment-related YouTube channels at this point is Rich Tv Live. In one of its videos this week the channel looked into cellular concrete products company Cematrix Corporation (TSXV:CVX) (OTCQB:CTXXF).

Key Things To Watch

Considering the fact that there was an important announcement from the company on May 5, it was no surprise that the company was showcased by Rich Tv. The company announced that three of its fully own subsidiary companies, MixOnSite USA Inc, CEMATRIX (Canada) Inc, and Pacific International Grout Company have together managed to bag contracts to the tune of $3.6 million.

It goes without saying that this is a significant development for Cematrix and one that could come as a boost for the company’s stock as well. In recent months, Rich Tv Live has been responsible for bringing a wide range of the radar little-known companies to the attention of its subscribers and this is another example of the channel’s work.

Hence, it might be a good idea for many investors to perhaps take a closer look at the company and its business. The Rich Tv analyst also provided a glimpse into the company and the price action in its share price during the course of the video. The company is intimately linked with the construction industry and the latest contracts that have been bagged by the subsidiary companies have only added considerably to the backlog of contracts.

The backlog of contracts that are now in Cematrix’s kitty totals as much as $96.2 million and that represents a considerable sum. It now remains to be seen if the stock performs strongly in light of the latest developments. Investors could consider keeping the stock in their watch lists at this point.

Featured image: Pixabay

Please See Disclaimer

If You Liked This Article Click To Share

Risks and Disclosure:

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.

All statements and opinions expressed are the opinions of the author and not of Richtvlive.com or its officers. The author is wholly responsible for the validity of all statements. Richtvlive.com was not involved in any aspect of the article preparation. The author was not paid by Bitrex Inc for this article. The author did not pay Richtvlive.com to publish or syndicate this article.

This article does not constitute as investment advice. Each reader is encouraged to consult with his or her individual financial advisor; any and all actions taken by a reader as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Richtvlive.com's terms of use and full legal disclaimer. This article is in no way a solicitation for investment. Richtvlive.com does not render general or specific investment advice. Any information on Richtvlive.com should not be considered a recommendation to buy or sell any security. Richtvlive.com does not endorse or recommend the business, products, services or securities of any company mentioned on Richtvlive.com.

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Please see our full disclaimer here for additional details before making any investment decisions.