Galileo Mining Ltd. (AU:GAL) has released an update.
Galileo Mining Ltd reported a positive cash flow from operating activities at $121,000 for the current quarter, with a significant boost from investing activities, primarily due to the disposal of lithium rights, leading to a net cash increase of $3,507,000. Despite these gains, the company experienced overall expenditures in exploration and evaluation amounting to $5,949,000 over the past 12 months. The consolidated statement shows the firm’s healthy cash and cash equivalents at the end of the period, standing at $10,121,000.
For further insights into AU:GAL stock, check out TipRanks’ Stock Analysis page.
