Metalsgrove Mining’s Quarterly Cash Flow Dips

Metalsgrove Mining Ltd. (AU:MGA) has released an update.

Metalsgrove Mining Limited reported negative cash flows in its latest quarterly report, with a decrease in cash and cash equivalents due to ongoing investments in exploration and evaluation activities. The company observed a net cash outflow from operating activities totaling $99,000 for the quarter and $655,000 for the nine months to date. Similarly, the net cash used in investing activities was $162,000 for the quarter, contributing to a year-to-date total of $1,312,000.

For further insights into AU:MGA stock, check out TipRanks’ Stock Analysis page.