ENGlobal Jumps 14% on Consideration of Improvement Options


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ENGlobal Corp. ( ENG ), a provider of energy-related project delivery solutions, is up 13.51% to $0.369 after announcing that it's considering possible strategic alternatives for enhancing shareholder value and supporting the company's long-term financial strength.

These alternatives may include raising capital, selling a portion of the company's assets, and the possible sale or merger of ENGlobal, among other alternatives.

ENG is trading in the low end of its 52-week range of $0.31 - $2.99; shares have fallen 85% in the last 12 months.

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This article appears in: Investing , Commodities

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