RenX Enterprises Corp. (NASDAQ:RENX) are trading higher Monday after the company announced that its organic waste transport unit Zimmer Equipment renewed a service agreement for the Tampa Bay area.

Tampa Bay Contract To Generate $3 Million In Revenue

RenX Enterprises said that Zimmer Equipment Inc., its wholly owned organic waste transport subsidiary, has renewed a service agreement with one of the largest waste management companies in North America. The renewed contract spans the Tampa Bay metropolitan area, covering service to transfer stations and material recovery facilities across the region.

ZEI will continue providing organic waste transportation services through 2028 that incorporates rate adjustments and a fuel surcharge mechanism indexed to published energy pricing benchmarks. The counterparty generated more than $3 million in revenue for ZEI during calendar year 2025, making it one of the largest contributors to the ZEI revenue base.

Stock Retreats From Key Resistance Level

At $2.33, RenX doesn't have usable 20-day or 100-day simple moving average (SMA, the stock's average price over a set number of sessions) data available here, which limits the usual trend "map" traders use to judge short- and intermediate-term direction. In practice, that often shifts attention to major swing points and the 52-week range for cleaner reference levels.

The stock is down 52.43% over the past 12 months, which is backward-looking but consistent with a longer-term downtrend that still needs repair. Within the 52-week range ($1.42 low to $7.00 high), the current area is much closer to the low end, suggesting rallies may be treated as rebounds until the chart can build higher highs.

  • Key Resistance: $2.50 — a nearby area where rebounds often stall if buyers lose momentum
  • Key Support: $1.50 — close to the recent floor zone where demand last showed up

Shares Bump Higher In Regular Trading

RENX Stock Price Activity: RenX Enterprises shares were up 23.27% at $2.49 at the time of publication on Monday, according to Benzinga Pro data.

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