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Duxton Water Limited Reports Strategic Milestones and Market Activity

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Duxton Water Limited Reports Strategic Milestones and Market Activity

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An announcement from Duxton Water Ltd. ( (AU:D2O) ) is now available.

Duxton Water Limited has achieved significant strategic and operational milestones in the past quarter, including the internalization of management and the repayment of $108 million in debt, reducing its total debt to $18 million. The company also secured new leases and maintained a 52% lease percentage, while strategically forward selling a portion of its unleased allocation holdings to manage market pricing uncertainty. Additionally, the company acquired water entitlements below market value, and the Ricardo Entitlement Index saw a marginal increase, reflecting improved transactional activity due to drier conditions and higher yields on high-security assets.

The most recent analyst rating on (AU:D2O) stock is a Buy with a A$2.11 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:D2O Stock Forecast page.

More about Duxton Water Ltd.

Duxton Water Limited, listed on the ASX as D2O, operates within the Australian water market. The company focuses on building a portfolio of permanent water entitlements to provide flexible water supply solutions to Australian farmers, generating returns through long-term entitlement leases, forward allocation contracts, and spot allocation supply.

Average Trading Volume: 115,358

Technical Sentiment Signal: Buy

See more data about D2O stock on TipRanks’ Stock Analysis page.

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