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Genmin Ltd. ( (AU:GEN) ) has provided an update.
Genmin Limited’s latest quarterly cash flow report reveals that the company experienced a net cash outflow from operating activities of $2.881 million, primarily due to pre-development and administrative expenses. Despite these operational cash flow challenges, the company successfully raised $6.030 million through equity financing, resulting in an overall increase in cash reserves, ending the period with $2.383 million in cash and cash equivalents.
More about Genmin Ltd.
Genmin Limited operates in the mining exploration industry, focusing on the exploration and development of mineral resources. The company primarily targets iron ore projects, aiming to capitalize on opportunities within the global minerals market.
YTD Price Performance: -22.50%
Average Trading Volume: 757,122
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$27.47M
See more insights into GEN stock on TipRanks’ Stock Analysis page.
