AXP Energy Limited (AU:AXP) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AXP Energy Limited reported a 1% increase in oil production in Colorado, while revenue fell due to lower prices and reduced sales volumes. Despite a decrease in cash reserves, AXP is advancing its gas-to-power operations at the Pathfinder Field, with negotiations for electricity sales progressing. The company aims to monetize natural gas resources and improve its financial position through strategic initiatives.
For further insights into AU:AXP stock, check out TipRanks’ Stock Analysis page.
