EGL – The Environmental Group

Noticed this stock today and couldn’t find a thread on it so here goes.

The Environmental Group Limited (EGL) is a facility services and environmental solutions company that provides clean air to the resource, industrial and municipal sectors. EGL provides industrial services, operates air infrastructure, completes engineered solutions to enhance air quality, and provides environmental facility management. The core operating businesses of EGL are Total Air Pollution Control Pty Limited (TAPC) and Baltec.

Today the company made the following announcement:

The announcement saw the EGL share price spike from 5c to an intraday high of 8c before retreating to 5.6c, where it is currently trading.

I have no opinion on EGL but thought it deserved its own thread.