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ioneer Limited ( (AU:INR) ) just unveiled an update.
In its latest quarterly cash flow report, ioneer Ltd reported significant cash outflows across operating, investing, and financing activities, resulting in a decrease in cash and cash equivalents. The company experienced a net cash outflow from operating activities of $1.094 million, primarily due to staff and administrative costs. Investing activities saw a cash outflow of $1.937 million, mainly attributed to exploration and evaluation expenses. Additionally, financing activities resulted in a net cash outflow of $4.546 million, largely due to repayment of borrowings and related transaction costs. These financial movements indicate a challenging quarter for ioneer, with implications for its liquidity and ongoing project funding.
More about ioneer Limited
ioneer Ltd is a company operating in the mining exploration industry, focusing primarily on the exploration and development of mineral resources. The company is involved in activities related to the evaluation and potential extraction of valuable minerals, positioning itself within the resource extraction market.
YTD Price Performance: -19.00%
Average Trading Volume: 78,238
Technical Sentiment Signal: Buy
Current Market Cap: $185.3M
See more data about INR stock on TipRanks’ Stock Analysis page.