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Macarthur Minerals Ltd. ( (AU:MIO) ) has issued an update.
Macarthur Minerals Ltd. reported its quarterly cash flow, showing a net cash outflow from operating activities of $249,000, primarily due to exploration and staff costs. The company raised $325,000 through convertible debt securities, resulting in a net cash inflow of $281,000 from financing activities, indicating a strategic move to bolster its financial position despite operational cash challenges.
More about Macarthur Minerals Ltd.
Macarthur Minerals Ltd. operates in the mining exploration industry, focusing on the exploration and development of mineral resources, including iron ore and lithium, with a market focus on expanding its mineral asset base.
Average Trading Volume: 196,727
Technical Sentiment Signal: Sell
Current Market Cap: A$2.23M
See more data about MIO stock on TipRanks’ Stock Analysis page.
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