Sky Metals Limited Faces Cash Flow Decrease

Sky Metals Limited (AU:SKY) has released an update.

Sky Metals Limited reported a quarterly cash flow with a net decrease in cash and cash equivalents, after accounting for operating costs, significant investments in exploration and evaluation, and financing activities. The company’s financial activities led to a net cash outflow from operating and investing activities, which was partly offset by proceeds from financing, resulting in an overall decrease in their cash position for the period ending 30 June 2024.

For further insights into AU:SKY stock, check out TipRanks’ Stock Analysis page.