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Queste Communications Ltd Reports Positive Cash Flow Amidst Strategic Adjustments

Story Highlights
  • Queste Communications Ltd focuses on investment management, holding a major stake in Orion Equities Limited.
  • The company reported a net cash increase, boosted by proceeds from an iron-ore royalty termination.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Queste Communications Ltd Reports Positive Cash Flow Amidst Strategic Adjustments

Elevate Your Investing Strategy:

Queste Communications Ltd ( (AU:QUE) ) just unveiled an update.

Queste Communications Ltd reported its monthly cash flow, highlighting a net cash increase in operating activities despite a decrease in cash from financing activities. The company also noted a significant cash inflow from investing activities due to proceeds received by its controlled entity, OEQ, from the termination of an iron-ore royalty, indicating a positive impact on its financial position.

More about Queste Communications Ltd

Queste Communications Ltd is involved in the investment industry, primarily focusing on managing its interest in the ASX-listed investment company, Orion Equities Limited (OEQ), where it holds a 59.86% stake. The company operates in the financial sector, with its operations encompassing investment management and related activities.

YTD Price Performance: 10.0%

Average Trading Volume: 23,954

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.19M

See more data about QUE stock on TipRanks’ Stock Analysis page.

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