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Why the GR Engineering (ASX:GNG) share price will be on watch today

Why the GR Engineering (ASX:GNG) share price will be on watch today
Aaron Teboneras | February 2, 2021 9:33am |
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GR Engineering Services Ltd(ASX: GNG) shares will be on watch today after the company provided investors with a business update on its guidance for the full 2021 financial year. At market close yesterday, the GR Engineering share price finished the day at $1.18.
It will be interesting to watch how the company’s shares perform today as investors digest this morning’s update.
What did GR Engineering announce?
The GR Engineering share price will be in focus this morning after the company released a positive update. ....

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The GR Engineering (ASX:GNG) share price has climbed 3% today. Here's why.

The
GR Engineering Services Ltd(ASX: GNG) share price has surged higher in morning trade, up 3.51% at $1.18.
This follows the company’s announcement of a new Australian government contract for its wholly owned subsidiary, Upstream Production Solutions Pty Ltd (Upstream PS).
What’s driving the GR Engineering share price today?
In today’s ASX release, GR Engineering reported that Upstream PS has secured a 1-year contract with the Department of Industry, Science, Energy and Resources (DISER).
In the contract, the company will provide operations, maintenance and project services to the Northern Endeavor floating production storage and offloading (FPSO) facility and its associated infrastructure. ....

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