Argosy Minerals Limited ( (AU:AGY) ) has issued an announcement.
Argosy Minerals Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $161,000, primarily due to staff and administrative costs. The company also experienced a significant cash outflow of $1.631 million from investing activities, largely attributed to development expenses and funds sent to Puna Mining. These financial activities resulted in a decrease in cash and cash equivalents for the period, reflecting the company’s ongoing investment in its projects and potential implications for its liquidity management.
More about Argosy Minerals Limited
Argosy Minerals Limited is a company operating in the mining exploration sector, focusing on the exploration and development of mineral resources. The company is involved in the evaluation and development of mining projects, with a particular emphasis on lithium projects.
YTD Price Performance: -17.65%
Average Trading Volume: 71,148
Technical Sentiment Signal: Buy
Current Market Cap: $16.8M
Find detailed analytics on AGY stock on TipRanks’ Stock Analysis page.