Business
The Cimic (ASX:CIM) share price is down 2% lower today. Here’s why
The Cimic Group Ltd (ASX: CIM) share price is treading lower today despite the company announcing another positive release to the market. Just yesterday, the group advised its affiliate, Ventia, won two significant contracts. Today, its minerals processing company, Sedgman was granted an extended contract award.
However, the upbeat news is still not enough to lift the Cimic share price today, which is 2.04% down to $24.96 at the time of writing.
What did Cimic announce?
In early afternoon trade, Cimic advised the market that Sedgman has secured an extended contract with Mach Energy. The agreement will see the latter perform operations and maintenances services at the Mount Pleasant mine in New South Wales.
Mach Energy provides…
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