Euro Tech Holdings Company Reports Contract Awarded to PACT
Rhea-AI Summary
Euro Tech Holdings (Nasdaq: CLWT) said its majority-owned subsidiary Yixing PACT won a contract worth approximately US$2.1 million to provide sewage and potable water treatment systems at a uranium mining site in Mongolia for a French‑Mongolian joint venture energy company.
The project includes design, supply, fabrication and commissioning for systems with capacities of 300 tons/day (sewage) and 360 tons/day (potable water) and is expected to be completed by August 2026.
Positive
- Contract value of approximately US$2.1 million
- Project scope covers design, supply, fabrication and commissioning
- Treatment capacity of 300 t/day (sewage) and 360 t/day (potable)
- Expected completion by August 2026
Negative
- None.
News Market Reaction
On the day this news was published, CLWT gained 0.92%, reflecting a mild positive market reaction. Argus tracked a peak move of +13.6% during that session. Argus tracked a trough of -30.3% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $79K to the company's valuation, bringing the market cap to $9M at that time. Trading volume was exceptionally heavy at 375.1x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in
View original content:https://www.prnewswire.com/news-releases/euro-tech-holdings-company-reports-contract-awarded-to-pact-302623011.html
SOURCE EURO TECH HOLDINGS COMPANY LIMITED