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Stavely Minerals Ltd ( (AU:SVY) ) has issued an announcement.
Stavely Minerals Ltd reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $530,000 for the current quarter, primarily due to exploration and evaluation costs. The company also noted a minimal cash outflow from investing activities and a slight decrease in cash from financing activities, resulting in a net decrease in cash and cash equivalents for the period. This financial update reflects the company’s ongoing investment in exploration efforts, which is crucial for its long-term growth strategy and positioning in the mining industry.
More about Stavely Minerals Ltd
Stavely Minerals Ltd is a mining exploration entity focused on the exploration and evaluation of mineral resources. The company operates primarily in the mining industry, with a focus on discovering and developing mineral deposits.
Average Trading Volume: 1,238,011
Technical Sentiment Signal: Sell
Current Market Cap: A$9.79M
See more insights into SVY stock on TipRanks’ Stock Analysis page.