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An announcement from Tesoro Gold ( (AU:TSO) ) is now available.
Tesoro Gold Limited reported its quarterly cash flow, highlighting a net cash outflow from operating and investing activities, primarily due to exploration and evaluation expenses. However, the company secured significant financing through equity securities, resulting in a net increase in cash, which could bolster its exploration efforts and strengthen its financial position.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.11 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
More about Tesoro Gold
Tesoro Gold Limited operates in the mining exploration industry, focusing on the exploration and development of gold resources. The company is primarily engaged in identifying and evaluating potential gold mining sites to expand its resource base and market presence.
Average Trading Volume: 3,524,873
Technical Sentiment Signal: Hold
Current Market Cap: A$60.44M
For a thorough assessment of TSO stock, go to TipRanks’ Stock Analysis page.