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Infinity Mining Limited ( (AU:IMI) ) has provided an update.
Infinity Mining Limited’s recent quarterly cash flow report indicates a net cash outflow from operating activities of $143,000 and $389,000 year-to-date, primarily due to expenses in exploration, evaluation, and administrative costs. The company also reported a net cash outflow from investing activities of $114,000 for the quarter, with financing activities resulting in a net cash outflow of $34,000. These financial movements reflect the company’s ongoing investment in its exploration projects and the challenges of managing operational costs, impacting its cash reserves and financial strategy.
More about Infinity Mining Limited
Infinity Mining Limited operates in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is involved in activities related to the acquisition and development of mining tenements and other related assets.
Average Trading Volume: 2,394,796
Technical Sentiment Signal: Sell
Current Market Cap: A$5.08M
See more data about IMI stock on TipRanks’ Stock Analysis page.