Legend Mining Limited (AU:LEG) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Legend Mining Limited reported a decrease in cash and cash equivalents during the current quarter ending 30 June 2024, with notable expenditures on exploration and evaluation, and a one-off cost related to R&D refunds. Despite a small net decrease in operating cash flow, the company received substantial research and development refunds and interest, contributing to a net positive cash flow from operating activities year to date. Meanwhile, investing activities led to a cash outflow, primarily due to continued investments in exploration and evaluation.
For further insights into AU:LEG stock, check out TipRanks’ Stock Analysis page.