DRP Journal

Discover Research Profit

Finance 

RJD Green (OTCMKTS:RJDG) Stock On Radar after a Major Commercial Contract

Ian Leigh , , , ,

On May 9, RJD Green (OTCMKTS:RJDG) announced that its Silex Holdings division based out of Texas had been awarded a major new commercial contract. The company announced that it had been awarded a multi-family contract for cabinets and natural stone countertops to be completed in the calendar year of 2023.

Trading Data

On Wednesday, RJDG stock moved down 1% to $0.0056 with more than 98.23K shares, compared to its average volume of 177.21K shares. The stock moved within a range of $0.0055 – 0.0057 after opening trade at $0.0055.

The total value of the contract in terms of revenues to be added would be $850,000. RJD Green also announced that it was working on two other contracts of similar size in the Silex market.

The Chief Executive Officer of the company Ron Brewer spoke about the developments as well. The significant size of the contract that had been awarded to the Silex division continued the progression of revenues in the company’s commercial business interests. It was also an indication of the commercial expansion that the company experienced.

More importantly, the award of the commercial contract would also help in offsetting the traditional downward spiral in revenues which are experienced by companies involved in the home building sector. The contract will make a contribution towards the revenue growth of RJD Green through the rest of the year. He added that the latest contract award indicated that company’s growth plans for SIlex Holdings were bearing fruit.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.