Top End Energy Limited (AU:TEE) has released an update.
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Top End Energy Limited reported a net decrease in cash and cash equivalents in the current quarter, with outflows from operating activities amounting to $399,000 and from investing activities totaling $21,000. Despite a cash inflow of $2,089,000 from financing activities earlier in the year, the company faced a net decrease in cash after accounting for significant exploration, staff, and administrative costs.
For further insights into AU:TEE stock, check out TipRanks’ Stock Analysis page.