ioneer Limited (AU:INR) has released an update.
ioneer Ltd has reported a net decrease in cash and cash equivalents due to significant investment in exploration and evaluation activities, amounting to $8,859,000 for the current quarter and $30,730,000 year to date. Operating activities also contributed to cash outflows with net cash used of $1,403,000 this quarter. However, financing activities provided some liquidity, with $1,169,000 net cash inflow for the quarter mainly from proceeds from borrowings.
For further insights into AU:INR stock, check out TipRanks’ Stock Analysis page.
