Neometals Ltd Faces Cash Flow Decrease
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Neometals Ltd Faces Cash Flow Decrease

Neometals Ltd. (RRSSF) has released an update.

Neometals Ltd reported a decrease in cash and cash equivalents for the March 2024 quarter, with net cash used in operating activities totaling $2,116,000 and investing activities resulting in a further $3,328,000 outflow. Despite these expenditures, the company finished the quarter with $14,045,000 in cash and cash equivalents and has an estimated 5.23 quarters of funding available based on current cash levels and outgoings.

For further insights into RRSSF stock, check out TipRanks’ Stock Analysis page.

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