(TSX: ARF) Explodes Gaining 76% on News of BC Hydro Deal
POINT ROBERTS, – www.InvestorIdeas.com, a leader in sector stock research including construction stocks, homebuilder and infrastructure stocks releases the following close-up on small and large cap infrastructure stocks for Thursday October 6th. Armtec Infrastructure
( Toronto: ARF.TO ) has been a stock to watch this week, gaining over 20% two days in a row and then exploding to the upside today, trading at $ 2.13, up 0.92 (76.03%) .
Yes investors, there is money to be made in the infrastructure stock sector! Investorideas.com first reported on Armtec Infrastructure Inc (Toronto: ARF.TO ) earlier this week when it was trading at $1.04!
ARMTEC INFRASTRUCTURE INC. (Toronto: ARF.TO ) today announced it has been awarded an exclusive long-term contract to supply utility vaults and associated products related to precast underground infrastructure for British Columbia Hydro and Power Authority ("BC Hydro"). The contract, valued at approximately $40 million based on a nine-year period, is fixed for a term of five years with the option to extend the agreement for up to two additional successive periods of two years each. As part of the due diligence associated with this arrangement, Armtec successfully demonstrated both its operational depth and capability, and its financial ability to meet the needs of the client over the long term.
Newly listed OTC infrastructure stock, Fireman's Contractors Inc. (OTCBB: FRCN), trading at $0.11, reported news Tuesday of a 390% increase in revenue for Fiscal 2011. The CEO of Fireman's Contractors, Renee Gilmore stated, "The past fiscal year was one of tremendous growth for Fireman's Contractors. We raised revenues by 390.59% while significantly expanding our customer base. We contribute our increase in revenues to hard work and dedication as we provided top quality workmanship to our clients. As we move forward in the development and explanation of our business, our goal is to continue building valuable relationships with our clients by providing a high level of professionalism."
Capstone Infrastructure Corporation (TSX: CSE ; TSX: CSE.DB.A; TSX: CSE.PR.A) is trading at $6.38, up 0.28 (4.59%).
Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) is trading at $24.57, up 0.93 (3.93%).
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About Fireman's Contractors Inc. (OTCBB: FRCN)
Fireman's Contractors Inc. (OTCBB: FRCN) is a full service contractor providing superior service in parking lot maintenance and construction services. Our services include Road Improvements, Seal Coating, Parking Lot Striping, Pavement Marking, Asphalt Maintenance and Repair, ADA Compliance and other construction services which are delivered at a competitive price. Fireman's brings professional value system delivering outstanding results through honorable customer relationships and repeat business. Local firefighters are supported by a portion of profits which are donated to local Firefighter Associations. http://www.firemans-contractors.com/
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IR Contact info:
Tel: 1(214) 314-1588
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BC Residents and Investor Disclaimer : Effective September 15 2008 – all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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