Citigold Corporation Limited (AU:CTO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Citigold Corporation Limited confirms that its full-year report adheres to accounting standards, providing a fair view of its financial performance. The company’s main asset, the Charters Towers Gold Project, remains a substantial asset with no impairment indicators, supporting its continued listing on the ASX. Despite a negative working capital position, Citigold is confident in its financial health backed by significant net assets of $96.5 million.
For further insights into AU:CTO stock, check out TipRanks’ Stock Analysis page.