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Sky Metals Limited ( (AU:SKY) ) just unveiled an update.
Sky Metals Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $435,000 and from investing activities of $1,333,000. Despite these outflows, the company secured $5,699,000 in net cash from financing activities over the year, indicating a strategic focus on securing funds to support its exploration and development initiatives.
The most recent analyst rating on (AU:SKY) stock is a Buy with a A$0.80 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 operates in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is involved in identifying and developing mining projects, with a market focus on expanding its resource base and enhancing its exploration activities.
Average Trading Volume: 717,983
Technical Sentiment Signal: Hold
Current Market Cap: A$57.21M
For a thorough assessment of SKY stock, go to TipRanks’ Stock Analysis page.