Cematrix (TSE:CVX) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
CEMATRIX Corporation, a North American leader in cellular concrete technology, has increased its credit facility from $3 million to $8 million with the Canadian Imperial Bank of Commerce to bolster its growth and meet working capital needs during peak times. The company, which prides itself on its strong balance sheet and is currently not drawing on the new credit limit, views this expansion as a way to enhance financial flexibility for its expanding operations.
For further insights into TSE:CVX stock, check out TipRanks’ Stock Analysis page.