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NuEnergy Gas Limited ( (AU:NGY) ) just unveiled an update.
NuEnergy Gas Limited reported a net cash decrease in its operations for the quarter ending December 31, 2024. The cash flows from operating activities resulted in a deficit of $279,000, while investing activities also saw a negative cash flow of $741,000. However, the company benefited from a net cash inflow of $5,995,000 from financing activities, primarily due to proceeds from equity securities, which significantly boosted its cash position.
More about NuEnergy Gas Limited
NuEnergy Gas Limited is a company involved in the mining exploration and oil and gas exploration industry. The company focuses on gas exploration and has operations that involve evaluating and developing gas resources.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €20.36M
For an in-depth examination of NGY stock, go to TipRanks’ Stock Analysis page.