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Monday, July 21, 2014

SNC-Lavalin to provide engineering services at Quebec diamond project, (TSE: SNC.TO)

Canada's SNC-Lavalin Group Inc said it won a contract from Stornoway Diamonds Inc to provide engineering and some other services for a project in the James Bay region of Quebec. SNC, Canada's biggest engineering and construction company, said the cost related to the scope of services at the Renard Diamond project is estimated to be more than $425 million.

SNC-Lavalin Group Inc. (SNC-Lavalin) is an international engineering and construction company. Shares of SNC traded higher by 0.59% or $0.33/share to $56.28. In the past year, the shares have traded as low as $39.47 and as high as $57.04. On average, 421516 shares of SNC.TO exchange hands on a given day and today's volume is recorded at 211415.