For best session since May 15th your stock is going AVAX at the Athens Stock Exchangelike New project contract in Iraq to give impetus construction company.
It is characteristic that, shortly before 3:00 p.m., the listed company’s title is reinforced potentially by at least 4%achieving the highest daily gains in the last 1.5 months.
This makes the stock recovers more than 1.4 eurosfor the first time since June 21, in an attempt to break through the year’s lows of 1.3 euros.
In fact, the upward movement is accompanied by excited investment interestsince almost 156 thousand pieces have been transacted to date, worth 217 thousand euros.
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Today’s jump, as mentioned above, is attributed to the completion of an $82 million project in Iraqwhich concerns the construction and operation of a 282 MW power plant.
Is about 3rd project, that the Greek company is carrying out in the Asian country, without forgetting the major ongoing problem energy project in Romania.
And all this, while the Group has a project portfolio in the order of 3.3 billion euroswith the most important of all the new Line 4 of the Athens Metro.
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On the stock market side, the rise in shares is “putting a brake” on this year’s poor performance, which until yesterday was -27% (change since the beginning of 2024), so the capitalization of the construction industry was limited to the area of 200 million euros.
However, let’s not forget that 2023 was preceded by a wild rally above 140%, which temporarily brought the quota up to 1.8 euros, that is, up to highest level since 2014.
It should be remembered that, in the previous year, AVAX managed operating profitability of 60.8 million euros against 58.2 million euros in 2022, with net profit reaching 10 million euros.
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(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)