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Duxton Water Ltd. ( (AU:D2O) ) just unveiled an update.
Duxton Water Limited announced a $26 million increase in its portfolio value in December 2024, attributed to improved entitlement values, rising water allocation prices, and new acquisitions. The company’s largest portfolio holding by volume has reached 91.5 GL, reflecting a strong market position. The southern Murray Darling Basin market saw a 1% value increase, with allocation prices, especially in the Murrumbidgee region, surging significantly. Dry and hot weather conditions have influenced water demand and storage levels, with the Commonwealth Government initiating a water buyback program as part of the Restoring Our Rivers Act 2023.
More about Duxton Water Ltd.
Duxton Water Limited, managed by Duxton Capital Australia Pty Ltd, operates within the Australian water market, focusing on permanent water entitlements. The company aims to offer flexible water supply solutions to Australian farmers, generating returns through long-term entitlement leases, forward allocation contracts, and spot allocation supply.
YTD Price Performance: -0.75%
Average Trading Volume: 61,271
Technical Sentiment Consensus Rating: Buy
See more data about D2O stock on TipRanks’ Stock Analysis page.
