Australia's Duxton Water gains most in nearly 5 years on selling water entitlements

Rivco Australia

06/03/2025 24:40

** Shares of Australia's Duxton Water D2O.AX rise as much as 9.3% to A$1.405, posting their biggest intraday pct gain since March 27, 2020

** Stock hits its highest level since November 27, 2024

** Water supplies solutions provider says it agreed to sell 30,614 megalitres of Australian water entitlements to Australian Government

** Co to receive A$121.3 million ($76.83 million) upon settlement

** Stock largely unchanged this year, as of 0034 GMT

($1 = 1.5788 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))