DIRTT Environmental Solutions Ltd. (DRTT) shares gained 1.75% in after-hours on Thursday, July 15, 2021, and closed at $4.65 per share. Earlier in the morning session, DRTT’s stock gained 7.78% to close Thursday’s session at $4.57. DRTT shares have risen 311.71% over the last 12 months, and they have moved up 9.33% in the past week. Over the past three months, the stock has gained 51.83%, while over the past six months, it has declined 101.32%.
Let’s have a look at its recent news and developments.
Upcoming financial results announcement
DIRTT Environmental Solutions Ltd will release its second-quarter 2021 financial results on Wednesday, August 4, 2021, after markets close.
New appointment
On July 09, 2021, the Board of Directors of DIRTT Environmental Solutions Ltd appointed Todd Lillibridge as Chair of the Board of DIRTT, replacing Steven Parry who plans to retire from the Board next May in connection with the Company’s 2022 annual meeting of shareholders.
DIRTT aggressive approach against Falkbuilt
On June 24, 2021, DIRTT Environmental Solutions Ltd expanded its court cases against Falkbuilt and continues to aggressively pursue Smed, Loberg, and Falkbuilt via four separate lawsuits across North America, as outlined below.
DIRTT’s U.S. operating subsidiary filed a federal lawsuit in the U.S. District Court for the Northern District of Texas (Case No: 3:21-CV-1483) against Falkbuilt (the “Texas Litigation”). The lawsuit alleges that Falkbuilt has unlawfully used DIRTT’s confidential information in the United States and intentionally caused confusion in the United States in an attempt to steal customers, opportunities, and business intelligence, to establish a competing business in the United States market.
Falkbuilt is a company started by two of DIRTT’s founders MogensSmed and Barrie Loberg).
More investment by DIRTT in U.S manufacturing
On June 08, 2021, DIRTT Environmental Solutions Ltd announced the opening of their newest manufacturing plant located in Rock Hill, within York County, South Carolina. The company’s other manufacturing facilities are located in Phoenix, Arizona, Savannah, Georgia, and Calgary, Alberta, serving clients across the United States and Canada.
DIRTT ESG report
On June 03, 2021, DIRTT Environmental Solutions Ltd released its inaugural Environmental, Social, and Governance (ESG) report.
At the ESG report release, the DIRTT chief executive officer Kevin O’Meara said that at DIRTT, their vision is to bring dynamic spaces to life through sustainable construction that enhances the working, learning, and healing experiences of the people who use them.
Conclusion
Well, as of this writing, there is no recent news or development which could justify its good performance on Thursday. we hope that DIRTT will continue to perform well on Friday as well.
