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Sky Metals Limited ( (AU:SKY) ) just unveiled an update.
Sky Metals Limited reported its quarterly cash flow for the period ended 31 March 2026, showing net operating cash outflows of A$444,000 largely driven by staff, administration and corporate costs. The company continued to invest heavily in exploration and evaluation, with A$2.34 million spent in the quarter and total investing cash outflows of A$2.425 million, reflecting an aggressive exploration programme.
These outflows were more than offset by strong financing inflows, as Sky Metals raised A$20 million from equity issues during the quarter, resulting in net financing cash of A$18.812 million after costs. The capital raise lifted the company’s cash balance from A$4.701 million at the start of the quarter, underpinning its ability to sustain exploration spending and strengthening its financial position for ongoing project development.
The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.
More about Sky Metals Limited
Sky Metals Limited is an Australian mining exploration company focused on discovering and developing mineral resources. The company’s activities center on exploration and evaluation of tenements, supported by periodic equity raisings to fund its ongoing project pipeline.
Average Trading Volume: 2,064,419
Technical Sentiment Signal: Buy
Current Market Cap: A$197.7M
Learn more about SKY stock on TipRanks’ Stock Analysis page.