An announcement from Magnum Mining and Exploration Limited ( (AU:MGU) ) is now available.
Magnum Mining and Exploration Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $243.93k, primarily due to exploration, evaluation, and administrative costs. The company managed to raise $153.30k through equity securities, which partially offset the operational cash outflows, indicating a strategic move to bolster financial stability amidst ongoing exploration activities.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited operates in the mining and exploration industry, focusing on the exploration and development of mineral resources.
Average Trading Volume: 627,286
Technical Sentiment Signal: Buy
Current Market Cap: A$4.86M
Find detailed analytics on MGU stock on TipRanks’ Stock Analysis page.