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Infinity Mining Limited ( (AU:IMI) ) just unveiled an announcement.
Infinity Mining Limited’s recent quarterly cash flow report indicates a net cash outflow from operating and investing activities, with significant expenditures on exploration, evaluation, and administrative costs. Despite these outflows, the company has seen a substantial inflow from financing activities over the past year, primarily due to proceeds from equity securities and borrowings, which have bolstered its cash reserves. This financial maneuvering highlights Infinity Mining’s strategic focus on sustaining its exploration initiatives while managing its cash flow effectively.
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 acquiring tenements and investing in property, plant, and equipment to support its exploration efforts.
YTD Price Performance: 20.0%
Average Trading Volume: 497,943
Technical Sentiment Signal: Buy
Current Market Cap: A$5.08M
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.