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JX Energy Ltd. Reports 2024 Financial Results Amidst Rising Liabilities

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JX Energy Ltd. Reports 2024 Financial Results Amidst Rising Liabilities

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JX Energy Ltd. ( (HK:3395) ) has issued an announcement.

JX Energy Ltd., a company incorporated in Alberta, has announced its audited financial results for the year ended December 31, 2024. The results indicate a decrease in total assets from the previous year, with significant reductions in exploration and evaluation assets, property, plant and equipment, and right of use assets. The company’s liabilities have increased, particularly in long-term accounts payable and convertible debt, suggesting a challenging financial position. This announcement may have implications for stakeholders, as it highlights the company’s financial challenges and potential impact on its operations and market positioning.

More about JX Energy Ltd.

YTD Price Performance: -52.11%

Average Trading Volume: 183,037

Technical Sentiment Signal: Buy

Current Market Cap: HK$47.58M

Learn more about 3395 stock on TipRanks’ Stock Analysis page.

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