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Korab Resources Limited ( (AU:KOR) ) has shared an update.
Korab Resources Limited reported its quarterly cash flow, highlighting a net cash inflow from operating activities of $10,000 for the current quarter, despite a year-to-date outflow of $72,000. The company also saw a positive cash flow from investing activities, primarily due to proceeds from the disposal of tenements, and a net cash inflow from financing activities, driven by borrowings. This financial update indicates a cautious yet positive cash position, which may support ongoing exploration efforts and potentially enhance stakeholder confidence.
More about Korab Resources Limited
Korab Resources Limited is a company operating in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is primarily engaged in the exploration of tenements and related activities.
Average Trading Volume: 2,529,047
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.94M
For a thorough assessment of KOR stock, go to TipRanks’ Stock Analysis page.