Energy Resources of Australia Faces Cash Outflows
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Energy Resources of Australia Faces Cash Outflows

Energy Resources of Australia Ltd. Class A (AU:ERA) has released an update.

Energy Resources of Australia Ltd. reported a net cash outflow from operating activities of $42.3 million for the latest quarter and $88.5 million for the half-year, largely due to payments for rehabilitation and corporate staff costs. In contrast, investing activities showed a slight positive cash flow, primarily from the disposal of property, plant, and equipment. No significant cash flows were reported from financing activities during the same period.

For further insights into AU:ERA stock, check out TipRanks’ Stock Analysis page.

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