Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Infinity Lithium Corporation Limited ( (AU:INF) ) has provided an update.
Infinity Lithium Corporation Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $206,000 and from investing activities totaling $269,000. Despite these outflows, the company maintains a stable cash position with $12.4 million in cash and cash equivalents at the end of the period, indicating a cautious approach to managing its financial resources amidst ongoing exploration and development efforts.
More about Infinity Lithium Corporation Limited
Infinity Lithium Corporation Limited operates in the mining exploration industry, focusing primarily on lithium resources. The company is engaged in the exploration and development of lithium projects, which are crucial for the production of batteries and the growing electric vehicle market.
YTD Price Performance: -16.67%
Average Trading Volume: 422,282
Technical Sentiment Signal: Buy
Current Market Cap: A$11.81M
For a thorough assessment of INF stock, go to TipRanks’ Stock Analysis page.