NRW Holdings Requests Trading Halt Amid Legislative Review

An announcement from NRW Holdings Limited ( (AU:NWH) ) is now available.

NRW Holdings Limited has requested a trading halt on its securities pending an announcement regarding the implications of proposed legislation by the South Australian Government. This legislation could affect the security held by its subsidiary, Golding Contractors Pty Ltd, over the assets of Whyalla Ports Pty Ltd. The trading halt is expected to last until the announcement is made or normal trading resumes on 16 May 2025. This move reflects NRW’s proactive approach in assessing potential impacts on its operations and stakeholders.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

More about NRW Holdings Limited

NRW Holdings Limited is a leading provider of diversified contract services to the resources and infrastructure sectors in Australia. The company operates extensively across all Australian states except Tasmania and has offices in Canada and the United States. NRW offers a wide range of services including civil construction, contract mining, drill and blast services, and OEM capabilities for earthmoving equipment. Its MET Division provides tailored solutions from mine to market, specialist maintenance, and turnkey operations for minerals processing and energy projects. NRW employs around 8,000 people and supports over one hundred projects across various sectors.

Average Trading Volume: 1,605,258

Technical Sentiment Signal: Sell

Current Market Cap: A$1.29B

See more data about NWH stock on TipRanks’ Stock Analysis page.