Shares of Robix Alternative Fuels, Inc. (CSE: RZX) are defying the summer stock sell off, powering more than 47% higher in a recent seven-day period. During that time Robix, which has developed an oil spill recovery vessel technology, announced the signing of a Memorandum of Understanding with Australia’s MERV Marine Limited to co-distribute each other’s products in each other’s territory. This MOU could give Robix access to a large part of the 26 billion-dollar-a-year global Workboat market, this according to company CEO Nathan Hansen.
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Ubika Research has received compensation from Robix Alternative Fuels to provide analyst research coverage.
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