North American Construction Group ( (TSE:NOA) ) has provided an update.
North American Construction Group Ltd. has completed the redemption of its 5.5% Convertible Debentures due in 2028, with a significant portion being converted into common shares. This strategic financial move may enhance the company’s equity base and potentially improve its financial flexibility, impacting its operations and market positioning positively.
More about North American Construction Group
NACG is one of Canada and Australia’s largest providers of heavy construction and mining services, serving the mining, resource, and infrastructure construction markets for over 70 years.
YTD Price Performance: -18.42%
Average Trading Volume: 53,354
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $476.6M
See more insights into NOA stock on TipRanks’ Stock Analysis page.