24/7 Market News Snapshot 09 December, 2024 – CEMTREX INC. (NASDAQ:CETX)

December 9, 2024

DENVER, Colo., 09 December, 2024 (247marketnews.com) – (NASDAQ:CETX) are discussed in this article.
Cemtrex Inc. (CETX) is witnessing a strong performance in the stock market, starting the day at $3.40 and currently trading at $3.76, marking a remarkable increase of 12.57%. This rise surpasses the prior session’s closing price of $3.34, demonstrating heightened investor enthusiasm. With a current trading volume of 2.09 million shares, interest in CETX remains robust. The notable price surge indicates a positive trend, with traders advised to monitor potential resistance around $4.00 and support levels forming near $3.50. This vibrant stock performance reflects a growing investor confidence and indicates possibilities of further upward movement in the near future.

Additionally, Cemtrex is advancing its position in the wastewater infrastructure sector, recently securing two significant project contracts valued at $6.7 million through its Advanced Industrial Services (AIS) subsidiary. These contracts are specifically aimed at improving operations at the Clearwater Road Wastewater Treatment Facility, underscoring Cemtrex’s commitment to innovative and sustainable environmental solutions. Operational since 1977, the Clearwater facility has a capacity of 5.02 million gallons per day, and the AIS projects will introduce a cutting-edge gasification-drying process along with other enhancements to optimize the facility’s biosolids management program. This innovative strategy transforms wastewater residuals into high-quality granular fertilizers, contributing to sustainable waste management practices.

Cemtrex’s Chairman and CEO, Saagar Govil, highlighted the urgency of modernizing the nation’s aging wastewater systems, noting that many are approaching the end of their operational lives. The integration of effective biosolids programs is projected to enhance nutrient recycling while bolstering environmental preservation by improving soil health and reducing carbon emissions. Furthermore, the recent contracts emphasize the success of AIS’s strategic expansion in the wastewater industry, following its acquisition of Heisey Mechanical in 2023, which has significantly enhanced its operational capabilities. As Cemtrex pursues additional acquisitions, it positions itself for continued growth while focusing on delivering sustainable solutions that provide both environmental and economic benefits.

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