Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why Perma-Fix Environmental Shares Are Falling Today

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) shares are down Friday morning following the disclosure about the loss of the U.S. Department of Energy's ITDC contract bid.
byAkanksha Bakshi
April 14, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Perma-Fix Environmental Services, Inc (NASDAQ:PESI) shares are down Friday morning following the disclosure about the loss of the U.S. Department of Energy’s ITDC contract bid.
  • PESI was advised by the Office of Environmental Management that its team was not awarded the Integrated Tank Disposition Contract (ITDC).
  • PESI has secured eight new contracts in recent months. The contracts total ~$15 million of revenue that is expected to be recognized in 2023.
  • These contracts increased PESI’s existing backlog in both the Services and Treatment Segments.
  • The contracts also include option phases with a potential value of more than $14 million that might stretch up to 2024.
  • Price Action: PESI shares are trading lower by 15.35% at $8.27 on the last check Friday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Dominari Holdings And 2 Other Stocks Under $3 Insiders Are Buying

By Avi Kapoor
April 11, 8:41 AM
The Dow Jones index closed lower by over 400 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

BRTX