tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Legend Mining Limited Reports Quarterly Cash Flow and Investment Activities

Story Highlights
  • Legend Mining Limited reported a net cash outflow of $189,000 in operating activities for the quarter.
  • The company invested $173,000 in exploration, impacting its cash flow and liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Legend Mining Limited Reports Quarterly Cash Flow and Investment Activities

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Legend Mining Limited ( (AU:LEG) ) has issued an update.

Legend Mining Limited’s quarterly cash flow report reveals a net cash outflow in operating activities of $189,000 for the current quarter, despite a positive cash flow of $1,115,000 year-to-date. The company also reported a net cash outflow of $173,000 in investing activities for the quarter, reflecting ongoing investments in exploration and evaluation. These financial activities indicate a continued focus on exploration efforts, which could impact the company’s liquidity and operational strategy moving forward.

More about Legend Mining Limited

Legend Mining Limited operates in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is engaged in identifying and developing mining projects, with a particular emphasis on exploration activities.

Technical Sentiment Signal: Sell

Current Market Cap: A$24.77M

Learn more about LEG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

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
1