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An announcement from Meeka Gold Limited ( (AU:MEK) ) is now available.
Meeka Metals Limited reported its quarterly cash flow, highlighting significant investment in project development with expenditures amounting to $41.8 million for the current quarter. Despite the substantial outflow in investing activities, the company managed to secure $60.5 million from the issuance of equity securities, resulting in a positive net cash flow from financing activities, which supports its ongoing operations and future growth prospects.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.15 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 evaluation of mineral resources. The company is primarily engaged in the development of mining projects and is involved in activities related to acquiring tenements and project development.
Average Trading Volume: 12,068,402
Technical Sentiment Signal: Buy
Current Market Cap: A$408.2M
See more insights into MEK stock on TipRanks’ Stock Analysis page.