Nagambie Resources Faces Cash Flow Challenges

Nagambie Resources Limited (AU:NAG) has released an update.

Nagambie Resources Limited reported a decrease in cash and cash equivalents with a net outflow from operating activities totaling $420,000 for the quarter and $1,999,000 for the 12-month period ending June 30, 2024. Investment activities also led to a cash outflow, while financing activities provided a positive cash flow of $300,000 for the quarter. Overall, the company experienced a net decrease in cash despite efforts to bolster finances through equity issues and borrowing.

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