West African Resources Ltd ( (AU:WAF) ) just unveiled an announcement.
West African Resources Ltd reported a net cash inflow from operating activities of $73,016,000 for the current quarter, indicating strong operational performance. However, the company experienced a net cash outflow in investing activities amounting to $122,668,000, primarily due to significant expenditures on property, plant, and equipment. The overall cash position decreased, reflecting the company’s ongoing investment in its operational infrastructure, which may impact its short-term liquidity but could enhance long-term production capabilities.
More about West African Resources Ltd
West African Resources Ltd is a mining exploration entity primarily focused on the exploration and development of mineral resources in West Africa. The company is involved in the mining industry, with a focus on extracting valuable minerals and resources.
YTD Price Performance: 51.09%
Average Trading Volume: 14,979
Technical Sentiment Signal: Sell
Current Market Cap: $1.67B
For detailed information about WAF stock, go to TipRanks’ Stock Analysis page.