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The latest update is out from Atrum Coal Ltd ( (AU:ATU) ).
Atrum Coal Ltd’s recent financial report for the quarter ending December 31, 2024, highlights a net cash outflow from operating activities of $1.25 million, mainly due to costs associated with litigation regarding the Elan Project and director fees. The company successfully raised $5.796 million through an equity entitlement issue, issuing over 1.44 billion new shares. This financial maneuver aims to support ongoing project evaluations and sustain operations amidst the fiscal challenges posed by legal expenditures.
More about Atrum Coal Ltd
Atrum Coal Ltd operates in the mining exploration sector, focusing on coal assets. Its primary projects include the Elan, Panorama, and Groundhog projects, with a market focus on developing and evaluating these coal resources.
YTD Price Performance: 0%
Average Trading Volume: 926,152
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.96M
For detailed information about ATU stock, go to TipRanks’ Stock Analysis page.
