Advance ZincTek Limited ( (AU:ANO) ) just unveiled an update.
Advance ZincTek Limited reports a strong cash position with a growing balance exceeding $400,000, supported by increasing free cash flow and favorable credit terms. The company is proactively managing potential cost impacts from possible US tariffs on zinc oxide by increasing stock levels for the US market. Despite a production setback with ‘White Sapphire Matte’, the financial impact is minimal, and new markets have been identified for future growth. The closure of Perth operations has been finalized, and ongoing product development continues with the ‘High Purity White Sapphire’ project.
More about Advance ZincTek Limited
Advance ZincTek Limited operates in the zinc oxide industry, focusing on the production of sunscreen products and other related materials. The company is involved in the development and manufacturing of products like ‘White Sapphire Glow’ and ‘White Sapphire Matte’, with a market presence in the USA, EU, and other regions.
YTD Price Performance: 3.95%
Average Trading Volume: 4,216
Technical Sentiment Signal: Buy
Current Market Cap: A$49.38M
See more data about ANO stock on TipRanks’ Stock Analysis page.