Newport Exploration (TSE:NWX) has released an update.
Newport Exploration Ltd has received a quarterly net royalty payment of AUD$577,469 after tax from Beach Energy Ltd for its 2.5% Gross Overriding Royalty in the Cooper Basin, Australia. The company maintains a strong financial position with approximately CDN$2.5 million in cash, cash equivalents, and short-term investments.
For further insights into TSE:NWX stock, check out TipRanks’ Stock Analysis page.