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Kalamazoo Resources Ltd. ( (AU:KZR) ) has provided an announcement.
Kalamazoo Resources Ltd. reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $150,000 for the current quarter. The company also experienced a net cash outflow from investing activities amounting to $299,000, primarily due to exploration and evaluation expenditures. Despite these outflows, the company managed to secure proceeds from the sale of a mining property and an exploration incentive scheme, which partially offset the cash used in investing activities. The overall financial activities resulted in a net decrease in cash equivalents, reflecting the company’s ongoing investment in exploration and development efforts.
More about Kalamazoo Resources Ltd.
Kalamazoo Resources Ltd. operates in the mining exploration industry, focusing on the exploration and evaluation of mineral properties. The company is primarily involved in identifying and developing potential mining sites to extract valuable resources.
YTD Price Performance: 22.86%
Average Trading Volume: 232,166
Technical Sentiment Signal: Hold
Current Market Cap: A$18.01M
Learn more about KZR stock on TipRanks’ Stock Analysis page.