Different Countries, Sectors, Different Approaches to COVID-19’s Effect

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Wednesday, April 8, 2020

Companies transact business day after day, under normal circumstances, at least. But almost all have been thrown the proverbial curb by the spread of the coronavirus. Here are two differing attitudes toward the outbreak and its effect on their business., 

Calgary-based manufacturer CEMATRIX Corporation (TSX-Venture:CVX), which supplies technologically advanced cellular concrete products, declared that, while the situation continues to be extremely fluid, CEMATRIX projects continue to move forward as scheduled. 

The COVID-19 virus could still impact CEMATRIX or its operating subsidiaries in some way, but as of today, the Corporation has rectified its short-term cash flow needs and is pouring product in several locations daily in accordance with its current forecast.

CEO Jeff Kendrick says, “Our hearts go out to all of our health care workers and first responders; together with their families; all others working in support of them; to our field project staff and their families and to each of the American and Canadian families that have been affected in some way by this virus. Let us all get through this together, by helping each other and by following the guidelines set out by our health officials and governments.”

CVX shares advanced 2.5 cents, or 7.5%, to 37 cents, late Wednesday afternoon, on volume of 131,000 shares. 

Across the border, Lantana, Fla.-based Thunder Energies Corp. (OTC:TNRG) revealed operational affiliate plans, including a name change to Nacaeli. Thunder Energies entered into a certain operational which would allow Thunder Energies to deliver white label solutions as Thunder Energies own brand name, moving forward. 

Wednesday’s news release stated “We believe that this is a short-term overhang which will by all accounts return to normality in the foreseeable future. Thunder Energies new management is of the opinion that, as the weaker competitors in our industry are unable to continue this disruption will create a growth and expansion opportunity for Thunder Energy.” 

TNRG shares vaulted 5.9% to 1.99 cents, on volume topping 92,000 shares. 

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