Business
Here’s why the Austin (ASX:ANG) share price is on watch today
The Austin Engineering Ltd (ASX: ANG) share price will be on watch this morning. This comes after the company announced after yesterday’s market close it has received a number of new orders for its products.
The Austin share price finished Monday’s trading session at 17.5 cents. It will be interesting to see how the company’s shares perform today as investors digest this latest news.
Strong orders received
Austin Engineering, a global mining equipment designer and manufacturer, reported last night it has received new customer orders for more than 100 of its products. These include truck bodies, water tanks and buckets for large mining companies.
The recent order flow is estimated to comprise more than $35 million in revenue…
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