tiprankstipranks
Mont Royal Resources Faces Cash Flow Challenges
Company Announcements

Mont Royal Resources Faces Cash Flow Challenges

Mont Royal Resources Ltd. (AU:MRZ) has released an update.

Don't Miss our Black Friday Offers:

Mont Royal Resources Limited reported a net decrease in cash and cash equivalents for the current quarter ending March 31, 2024, with significant cash outflows for exploration and evaluation activities. Operating activities resulted in a cash use of $192,000 for the quarter, while investing activities used $209,000. However, financing activities provided a boost with a net influx of $2,042,000 for the nine-month period to date.

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

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App