Why RenX Enterprises (RENX) Stock Soared 70% After Hours
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RenX Enterprises Corp. (RENX) shares surged 69.86% in after-hours trading, reaching $0.24 after closing at $0.14. The increase follows the announcement of a hauling services contract secured by its subsidiary, Zimmer Equipment, with a Florida waste transfer operator, expected to generate recurring revenue. CEO David Villarreal highlighted the contract's role in expanding their hauling base. Despite the rise, RENX has fallen 90.14% over the past year, with a market cap of $1.28 million and a negative price trend across all time frames.
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