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Dreadnought Resources Limited ( (AU:DRE) ) just unveiled an announcement.
Dreadnought Resources Limited’s quarterly cash flow report indicates a net cash outflow from operating activities of $488,000 and a significant cash outflow of $2,691,000 from investing activities, primarily due to exploration and evaluation expenses. The company’s financial activities reflect a strategic focus on exploration, which impacts its cash reserves and highlights its commitment to expanding its resource base, potentially affecting its financial stability and stakeholder interests.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining exploration industry, focusing on the exploration and evaluation of mineral tenements. The company is involved in identifying and developing mineral resources, with a market focus on expanding its exploration activities.
Average Trading Volume: 14,995,517
Technical Sentiment Signal: Hold
Current Market Cap: A$201.4M
Learn more about DRE stock on TipRanks’ Stock Analysis page.