Horizon Minerals Reports Significant Cash Outflow for Q3

Horizon Minerals Ltd (AU:HRZ) has released an update.

Horizon Minerals Ltd reported a cash flow statement for the quarter ending September 30, 2024, indicating a net cash outflow of $2.4 million from operating activities. The company also experienced a $551,000 net cash outflow from investing activities, mainly due to exploration and evaluation expenses. The financials reflect ongoing investments in exploration and lack of significant revenue generation, impacting liquidity.

For further insights into AU:HRZ stock, check out TipRanks’ Stock Analysis page.