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An announcement from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $262,000 and a significant outflow from investing activities totaling $2.381 million. Despite these outflows, the company secured $10.386 million from equity securities, resulting in a net cash inflow from financing activities of $9.751 million. This financial maneuvering suggests a strategic focus on securing capital to support ongoing and future exploration projects, which could strengthen its position in the mining exploration industry.
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 sector, focusing on the exploration and evaluation of mineral tenements. The company is primarily engaged in identifying and developing mineral resources, with a market focus on expanding its exploration activities.
Average Trading Volume: 6,217,259
Technical Sentiment Signal: Sell
Current Market Cap: A$50.79M
See more insights into DRE stock on TipRanks’ Stock Analysis page.