Enterprise Group Inc. (OTCMKTS:ETOLF) (TSX:E) Stock In Focus After Latest Development
Enterprise Group Inc. (OTCMKTS:ETOLF) (TSX:E) was up 3% after the mobile site infrastructure consolidator announced the start of two-year support services deal with an international Tier One customer.
Market Stats
On Monday, ETOLF stock gained 2.93% to $0.24 with more than 3k shares, compared to its average volume of 2.6k shares. The stock has moved within a range of $0.2400 – 0.2400 after opening trading at $0.24.
Latest News
Previously the company was brought to offer vital physical infrastructure to remote site requirements of the clients, including completions. Enterprise’s service and infrastructure capabilities will be expanded as a result of the announcement, which includes engagement in the first site development, comprising drilling and important water management commitment. Current and future commitments will benefit from Enterprise’s considerable infrastructure knowledge, which will provide substantial value, cost reductions, and environmental gains.
In Western Canada, the company’s customer has significant single and combined resource operations and holdings. But, equally, It is an LNG Canada member, which aims to export natural gas from Canada to Asian markets, establish Canada as a global LNG exporting country, and develop a viable and top LNG sector in British Columbia. So in the coming weeks, ETOLF is worth watching.
Key Quote
Leonard Jaroszuk CEO, President and Chairman of Enterprise group, stated, “We are extremely gratified for the confidence this substantial international client has put in Enterprise. We feel that our depth of experience as well as our stated commitment to assisting our clients in addressing environmental, climatic and carbon reduction issues within the resource sector will be a highlight of the corporate growth we see both now and in the future.”
Traders Corner
ETOLF stock is trading above the 20-Day and 50-Day Moving averages of $0.2257 and $0.2366 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.2074.
