Pancontinental Energy NL (AU:PCL) has released an update.
Pancontinental Energy NL reported a significant cash outflow from operating and investing activities, totaling $317,000 and $244,000 respectively for the current quarter, but showed positive cash flow from financing activities at $602,000, mainly due to the exercise of options. Despite the outflows, the company ended the quarter with a net increase in cash and cash equivalents, supported by the proceeds from financing. The year-to-date figures also reflect a similar pattern of cash movements.
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