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NRW Holdings Evaluates Mining Contract Amid ASX Trading Halt

Story Highlights
  • NRW Holdings is a leading provider of diversified services to the resources and infrastructure sectors.
  • NRW Holdings has halted trading to assess a mining contract issue, delaying their half-year results announcement.
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NRW Holdings Evaluates Mining Contract Amid ASX Trading Halt

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NRW Holdings Limited ( (AU:NWH) ) has provided an announcement.

NRW Holdings Limited has been granted a trading halt by the ASX as it evaluates the situation surrounding Golding Contractors’ SIMEC Mining contract in South Australia. The company plans to release its half-year results once the trading halt is lifted and will reschedule its conference call accordingly. This announcement could affect NRW’s operations and market positioning, particularly in the mining sector, as stakeholders await further updates on the contract’s implications.

More about NRW Holdings Limited

NRW Holdings Limited is a prominent provider of diversified contract services to the resources and infrastructure sectors in Australia. The company operates across most Australian states, excluding Tasmania, and has offices in Canada and the United States. NRW offers a range of services including civil construction, contract mining, and drill and blast services. They also provide OEM capabilities for earthmoving equipment and machinery and have a MET Division that offers mine to market solutions, maintenance services, and project design and operation.

YTD Price Performance: -10.53%

Average Trading Volume: 250

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €941.8M

For an in-depth examination of NWH stock, go to TipRanks’ Stock Analysis page.

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