Atlantic Power & Infrastructure Corp. (OTCMKTS:AWSL) Announces Another High-Profile Flexi®-Pave Installation In The United Kingdom
Atlantic Power & Infrastructure Corp. (OTCMKTS: AWSL) dropped 15% after announcing a high-profile Flexi-Pave installation in the UK. The British Horse Society recommendedK.B. Industries UK Ltd. to Align Construction LTD & its Subcontractor JJ French Ltd.
Market Stats
On Thursday, AWSL stock fell 15.90% to $0.0521 with more than 4.3K shares, compared to its average volume of 33.8K shares. The stock moved within a range of $0.0520 – 0.0521 after opening trading at $0.0520.
Atlantic’s KB Industries Flexi(R)\-Pave Installed in the United Kingdom Alongside the New High Speed Train Link
The client sought a porous product surpassing the required criteria of HS2, namely longevity and sustainability. The contract for Align Construction and JJ French is for an HS2 speed train expected to connect the city of London and North England’s Industrial zone.
Part of the installation is Atlantic Power & Infrastructure’s KB Industries affiliate K.B. Industries UK Ltd installed 10,441 sq. ft. of the footpath, Bridlepath, and Bicycle Way in Bridleway, Middlesex. K.B. Industries used 2,590 truck and care tires for the initial installation, which saved 56,978 kg of CO2 for not being burned, enhancing the environmental benefits of the initiative.
The High Speed 2railway is being constructed in the UK, linking Wigan to London, and will be the country’s second high-speed line. So AWSL is worth watching.
Traders Corner
AWSL stock is trading above the 20-Day and 50-Day Moving averages of $0.0647 and $0.0687 respectively. However, the stock is trading below the 200-Day moving average of $0.0840.
