Orogen Royalties (TSE:OGN) has released an update.
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Orogen Royalties Inc. has reported a profitable first quarter in 2024, with an increase in royalty revenue by 13% and a 72% boost in cash flow from operating activities, despite a decrease in net income and income from prospect generation activities. The company highlights a strong working capital and no long-term debt, emphasizing its sustainable financial operations amidst challenging market conditions. CEO Paddy Nicol expresses confidence in the company’s portfolio of projects and the absence of long-term debt.
For further insights into TSE:OGN stock, check out TipRanks’ Stock Analysis page.
