tiprankstipranks
Legacy Iron Ore Faces Cash Flow Challenges Amid Exploration
Company Announcements

Legacy Iron Ore Faces Cash Flow Challenges Amid Exploration

Legacy Iron Ore Ltd (AU:LCY) has released an update.

Don't Miss our Black Friday Offers:

Legacy Iron Ore Ltd reported a challenging quarter ending September 2024, with a net cash decrease due to increased operating and investing activities outflows. The company’s operating activities resulted in a cash deficit of $1.7 million, while investment activities further drained $2.4 million. Despite these financial hurdles, the company remains focused on its exploration and development initiatives.

For further insights into AU:LCY stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App