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Magnetic Resources NL ( (AU:MAU) ) just unveiled an update.
Magnetic Resources NL reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $2.448 million, primarily due to exploration and evaluation expenses. The company raised $998,000 from equity securities, contributing to a net cash inflow from financing activities, which helped offset operational cash deficits.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
More about Magnetic Resources NL
Magnetic Resources NL operates in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is primarily engaged in identifying and developing potential mining sites, with a focus on enhancing its portfolio through strategic exploration activities.
Average Trading Volume: 119,896
Technical Sentiment Signal: Buy
Current Market Cap: A$383.7M
For an in-depth examination of MAU stock, go to TipRanks’ Overview page.