Magnetic Resources NL (AU:MAU) has released an update.
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Magnetic Resources NL reports a challenging quarter with net cash used in operating activities totaling $4,185,000 and a significant increase in cash flows from financing activities, notably a $16,819,000 boost from equity securities issues. Despite substantial operational expenses, the company closes the quarter with a positive cash flow, primarily due to successful financing efforts.
For further insights into AU:MAU stock, check out TipRanks’ Stock Analysis page.