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Develop Global Limited ( (AU:DVP) ) has shared an announcement.
Develop Global Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $11.369 million, despite receiving $62.178 million from customers. The company also experienced a net cash outflow from investing activities amounting to $13.368 million, primarily due to significant expenditures on property, plant, and equipment. Financing activities resulted in a net cash outflow of $11.741 million, with proceeds from the exercise of options partially offsetting repayments of borrowings. This financial performance indicates a challenging quarter for Develop Global Limited, with implications for its liquidity and ongoing operational strategies.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
More about Develop Global Limited
Develop Global Limited operates in the mining exploration and oil and gas exploration sectors, focusing on the development and production of resources. The company is engaged in activities related to the acquisition and management of tenements, property, plant, and equipment, as well as investments in these industries.
YTD Price Performance: 95.73%
Average Trading Volume: 1,397,077
Technical Sentiment Signal: Buy
Current Market Cap: A$1.49B
Find detailed analytics on DVP stock on TipRanks’ Stock Analysis page.