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Peninsula Energy ( (AU:PEN) ) just unveiled an update.
Peninsula Energy Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $7.3 million, primarily due to staff and administrative costs, and sales contract expenses. Despite significant investments in the Lance Project totaling $11 million, the company secured $45.2 million from financing activities, indicating a strong financial position to support its ongoing projects.
The most recent analyst rating on (AU:PEN) stock is a Buy with a A$1.03 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Peninsula Energy Limited operates in the mining exploration industry, focusing on the exploration and development of uranium projects. The company is engaged in activities related to the Lance Project, which is a key focus area for its operations.
Average Trading Volume: 6,108,955
Technical Sentiment Signal: Sell
Current Market Cap: A$260.9M
For detailed information about PEN stock, go to TipRanks’ Stock Analysis page.