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.

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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).

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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.

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