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An update from NuEnergy Gas Limited ( (AU:NGY) ) is now available.
NuEnergy Gas Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $115,000 and a significant outflow of $1,362,000 from investing activities, primarily due to exploration and evaluation expenses. Despite these outflows, the company benefitted from a substantial inflow of $5,995,000 from financing activities, which bolstered its cash position, indicating a strategic focus on securing financial resources to support its exploration endeavors.
More about NuEnergy Gas Limited
NuEnergy Gas Limited operates in the oil and gas exploration industry, focusing on the exploration and development of unconventional gas resources. The company is engaged in identifying and developing coal bed methane projects across various regions.
YTD Price Performance: 94.44%
Average Trading Volume: 169,253
Technical Sentiment Signal: Buy
Current Market Cap: A$62.32M
Find detailed analytics on NGY stock on TipRanks’ Stock Analysis page.