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Rey Resources Ltd ( (AU:REY) ) has issued an announcement.
Rey Resources Ltd reported its quarterly cash flow, showing a net cash outflow from operating activities of $89,000 and an outflow of $140,000 from investing activities. However, the company secured $380,000 from financing activities, resulting in a net increase in cash and cash equivalents for the period. This financial maneuvering indicates Rey Resources’ strategic efforts to stabilize its cash position and potentially strengthen its operational capabilities in the competitive mining sector.
More about Rey Resources Ltd
Rey Resources Ltd is a mining exploration company primarily focused on the exploration and evaluation of mineral resources. The company operates within the mining industry, with a specific interest in developing its tenements and enhancing its market position in the resource sector.
Average Trading Volume: 87,606
Technical Sentiment Signal: Sell
Current Market Cap: A$6.14M
For an in-depth examination of REY stock, go to TipRanks’ Overview page.