Stavely Minerals Ltd (AU:SVY) has released an update.
Stavely Minerals Limited reported a net decrease in cash and cash equivalents due to operating activities losses, despite gains from investing activities and financing efforts over the quarter ending June 30, 2024. The company’s cash flow statement indicates significant payments for exploration and evaluation, while also noting proceeds from equity issues and the disposal of property, plant, and equipment. Overall, operating losses have overshadowed the positive cash flow from investing and financing activities, leading to a net decrease in cash reserves.
For further insights into AU:SVY stock, check out TipRanks’ Stock Analysis page.