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JX Energy Ltd. ( (HK:3395) ) has provided an announcement.
JX Energy Ltd. has announced strategies to enhance short-term cash flow by hedging over 50% of its 2026 natural gas production at prices above C$3.00/GJ, with 40% already hedged at an average price of C$3.06/GJ. Additionally, the company has approved a new 4.7MW natural gas power project, which will allow it to generate electricity independently for external sale, enhancing the value of its natural gas production. The project is estimated to cost C$3.0 million and will be financed through equity financing, subject to further board and stock exchange approvals.
The most recent analyst rating on (HK:3395) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on JX Energy Ltd. stock, see the HK:3395 Stock Forecast page.
More about JX Energy Ltd.
JX Energy Ltd. is a company incorporated in Alberta, focusing on the energy sector with a primary emphasis on natural gas production and power generation projects. The company is actively involved in enhancing its market presence through strategic initiatives and projects aimed at increasing its production capacity and financial stability.
Average Trading Volume: 2,371,737
Technical Sentiment Signal: Hold
Current Market Cap: HK$187.9M
For an in-depth examination of 3395 stock, go to TipRanks’ Overview page.