Urban Infrastructure Group Inc ( (TSE:UIG) ) has issued an announcement.
Urban Infrastructure Group Inc. reported a challenging fiscal year 2024 due to a significant downturn in the Ontario construction industry, leading to a net loss of $2.5 million and a notable decrease in revenue from the previous year. Despite these challenges, the company successfully listed on TSXV, raised capital, and remains optimistic about fiscal 2025, anticipating a recovery bolstered by interest rate cuts and an improving market environment.
More about Urban Infrastructure Group Inc
Urban Infrastructure Group Inc. is a leading construction company specializing in stage-one concrete and drainage infrastructure for large-scale new residential housing developments.
YTD Price Performance: 16.00%
Average Trading Volume: 33,349
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.67M
See more data about UIG stock on TipRanks’ Stock Analysis page.