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Admiralty Resources NL ( (AU:ADY) ) has shared an update.
Admiralty Resources NL reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $348,000 for the current quarter. The company also faced a net cash outflow of $732,000 from investing activities, primarily due to expenditures related to the Mariposa project in Chile. Despite these outflows, Admiralty Resources NL secured $7,000,000 from financing activities over the year, which helped offset some of the cash used in operations and investments. This financial update indicates the company’s ongoing efforts to manage its cash flow while investing in key projects, which could impact its future growth and stakeholder interests.
More about Admiralty Resources NL
Admiralty Resources NL is a company involved in the mining exploration industry, focusing on the exploration and development of mineral resources. The company primarily engages in the exploration of iron ore and other minerals, with a market focus on expanding its resource base and enhancing its production capabilities.
Technical Sentiment Signal: Sell
Current Market Cap: A$15.78M
Learn more about ADY stock on TipRanks’ Stock Analysis page.