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An update from Meeka Gold Limited ( (AU:MEK) ) is now available.
Meeka Metals Limited reported its quarterly cash flow, highlighting a net cash usage in operating activities of $54,000, and significant investments totaling $21.764 million, primarily in project development. The company also saw a modest net cash inflow from financing activities of $85,000, reflecting a strategic focus on sustaining operations and advancing its project development initiatives, which may impact its liquidity and future growth prospects.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.31 price target. To see the full list of analyst forecasts on Meeka Gold Limited stock, see the AU:MEK Stock Forecast page.
More about Meeka Gold Limited
Meeka Metals Limited operates in the mining exploration industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the exploration of metals, aiming to discover and develop economically viable mineral deposits.
Average Trading Volume: 17,910,644
Technical Sentiment Signal: Buy
Current Market Cap: A$643.3M
Find detailed analytics on MEK stock on TipRanks’ Stock Analysis page.