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An announcement from Rey Resources Ltd ( (AU:REY) ) is now available.
Rey Resources Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $913,000. The company managed to balance this with positive cash flow from investing and financing activities, resulting in a net increase in cash and cash equivalents by the end of the period. This financial maneuvering indicates Rey Resources’ strategic management of resources to maintain liquidity despite operating losses.
More about Rey Resources Ltd
Rey Resources Limited operates in the mining exploration sector, focusing on oil and gas exploration. The company is involved in the evaluation and development of natural resources, catering to energy needs in the market.
YTD Price Performance: -15.00%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$7.19M
See more insights into REY stock on TipRanks’ Stock Analysis page.