Magnetic Resources NL Reports Quarterly Cash Flow

Magnetic Resources NL ( (AU:MAU) ) has issued an announcement.

Magnetic Resources NL has reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $2.448 million for the current quarter and $9.769 million for the year to date. The company also reported a net cash inflow from financing activities of $64,000 for the quarter, contributing to a year-to-date total of $9.98 million. These financial movements indicate the company’s ongoing investment in exploration and evaluation, supported by financing efforts to sustain its operations and growth ambitions.

More about Magnetic Resources NL

Magnetic Resources NL is a company operating in the mining exploration industry, focusing primarily on the exploration and evaluation of mineral resources. The company is involved in identifying and developing potential mining sites, with a market focus on expanding its resource base and enhancing its exploration activities.

YTD Price Performance: 36.65%

Average Trading Volume: 136,854

Technical Sentiment Signal: Sell

Current Market Cap: A$402.9M

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