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West African Resources Reports Quarterly Cash Flow

Story Highlights
  • West African Resources Ltd reported a net cash inflow from operating activities of $86,446,000.
  • The company experienced a net cash outflow from investing activities of $125,919,000, affecting liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
West African Resources Reports Quarterly Cash Flow

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West African Resources Ltd ( (AU:WAF) ) has shared an announcement.

West African Resources Ltd reported its quarterly cash flow, highlighting a net cash inflow from operating activities amounting to $86,446,000 for the current quarter. However, the company experienced a net cash outflow from investing activities of $125,919,000, primarily due to significant expenditures on property, plant, and equipment. The overall financial activities resulted in a decrease in cash and cash equivalents, impacting the company’s liquidity position.

The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.

More about West African Resources Ltd

West African Resources Ltd is a mining exploration company focused on the development and production of mineral resources, primarily in the West African region. The company is engaged in activities related to mining exploration and oil and gas exploration.

Average Trading Volume: 5,093,766

Technical Sentiment Signal: Buy

Current Market Cap: A$2.61B

For a thorough assessment of WAF stock, go to TipRanks’ Stock Analysis page.

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