Powerhouse Ventures Ltd. (AU:PVL) has released an update.
Powerhouse Ventures Limited (PVL) reported a productive quarter with strategic investments in short-duration assets, including profitable involvement in Sun Silver’s IPO and Pointerra 3D’s technology solutions, and active sponsorship in the Australian Carbon market. PVL’s financial position remains strong with $2.44 million in cash and no debt, and a total of $3.21 million in listed and cash assets, despite higher operating cash outflows due to one-time annual costs. The company is confident in its portfolio’s medium to long-term prospects and continues to pursue opportunities for capital turnover and expansion.
For further insights into AU:PVL stock, check out TipRanks’ Stock Analysis page.
