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Nagambie Resources Limited ( (AU:NAG) ) has issued an update.
Nagambie Resources Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $272,000 for the current quarter and $753,000 year-to-date. The company also experienced a net cash outflow from investing activities of $503,000 for the quarter, primarily due to exploration and evaluation expenses. However, the company secured $600,000 in net cash from financing activities, which helped offset the operational and investment cash outflows. This financial maneuvering indicates a strategic effort to maintain liquidity and support ongoing exploration initiatives, which is crucial for the company’s growth and stability in the competitive mining sector.
More about Nagambie Resources Limited
Nagambie Resources Limited operates in the mining exploration industry, focusing on the exploration and development of gold and other mineral resources. The company is engaged in various stages of exploration and evaluation activities to enhance its resource base and market positioning.
Average Trading Volume: 900
Technical Sentiment Signal: Strong Buy
Current Market Cap: €9.97M
See more data about NAG stock on TipRanks’ Stock Analysis page.