Why has NRW Holdings Limited Share Price Increased?

mining stocks

NRW Holdings Limited [ASX: NWH] share price increased by 7.23% today. Shares are currently trading at $1.34, up from $1.25 yesterday.

The Perth-based mining company provides civil contracting and mining services to resource and infrastructure sectors in Australia.

Established in 1994, the company now has 1,000 employees — with a market cap of $461.42 million, as reported by Simply Wall St.

Why the share price increase?

NRW Holdings share price increased after the company released the UBS Mining Services & Contractors Presentation this morning.

The announcement included an overview of the current results achieved by the company, stating that revenue is up 95% from the same period last year.

It also stated that net profit after tax before amortisation is up 70% on the prior comparative period.

What’s next for NRW Holdings?

NRW Holdings is expected to have a bright future ahead, in terms of returns, profitability and cash flow.

The mining company seems to tick all the boxes for high-growth generation. We may well see great things from them in the upcoming years.

Regards,

Dannielle Rawlings,
For Markets & Money

PS: Mining stocks are anticipated to have huge upcoming growth. The S&P 300 Metals and Mining Index has doubled since early 2016. According to our resources analyst Jason Stevenson, this is only the start. If you’re interested in learning more, check out his free report ‘Top 10 Mining Stocks for 2018’. You can download this free report here.

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