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Verbec Ltd ((Au: VBC)) has just presented an announcement.
BREC LIMITED has announced that it can secure over 11 million US dollars of engineering and construction contracts, which is considered a significant development in view of the expected financial performance improvements of the company and the facilitating of the macroeconomic challenges. Although the individual contracts are not classified as sensitive to the market, the general announcement positively reflects on the business and industry positioning of BREC, which may benefit the stakeholders.
More about Verbec Ltd
BREC Limited is a leading service provider in the areas of engineering, asset management, project delivery, operation and maintenance, training and mining technology as well as the reduction in energy, infrastructure and mining industry. The company works in Australia, New Zealand, Papua New Guinea and beyond and offers services that cover the entire life cycle of a financial value. Verbec is listed at the Australian Securities Exchange (ASX: VBC).
Average trading volume: 126,972
Technical mood signal: Sell
Current market capitalization: A $ 17.21 million
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