Mammoth Energy charges up on multi-year engineering contract for EV stations

Mammoth Energy Services

19/11/2021 10:25

** Electric services co Mammoth Energy's shares  TUSK.O 
surge 29.4% at $2.86 premarket 
    ** TUSK set to have its best day in over 9 months
    ** Co announces a multi-year contract with a major utility
that will run into 2024 to provide engineering and design
service for the building of EV charging stations  urn:newsml:reuters.com:*:nPn2vQGfSa
    ** Contract amount not to exceed $5 mln 
    ** Mammoth had $8 mln in cash and total liquidity of $51.2
mln, as of Sept. 30
    ** More than 826K shares traded, 12 times TUSK's 25 DMA
volume 
    ** Up to last close, stock had fallen 50.3% this year 

 (Reporting by Bansari Mayur Kamdar)
 ((BansariMayur.Kamdar@thomsonreuters.com;))