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Biotron Limited ( (AU:BIT) ) has issued an update.
In its latest quarterly report, Biotron Limited has revealed a positive cash flow from operating activities, amounting to $1,095,000 for the current quarter. This improvement is largely attributed to the receipt of government grants and tax incentives totaling $1,814,000. Despite minor investments in property, plant, and equipment, the company’s net cash from investing activities remained negative. Financing activities showed a net outflow due to the repayment of borrowings, resulting in an overall net increase in cash and cash equivalents by $283,000 for the quarter. This financial update reflects Biotron Limited’s stable positioning in its operations, offering reassurance to its stakeholders.
More about Biotron Limited
Biotron Limited is a biotechnology company focused on the development of innovative antiviral therapies. The company’s primary products are aimed at targeting viral diseases, with a significant emphasis on treatments for HIV-1 and Hepatitis C viruses.
YTD Price Performance: 390.0%
Average Trading Volume: 30,437
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.01M
Learn more about BIT stock on TipRanks’ Stock Analysis page.
