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Ragusa Minerals Faces Cash Flow Decline
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Ragusa Minerals Faces Cash Flow Decline

Ragusa Minerals Ltd (AU:RAS) has released an update.

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Ragusa Minerals Limited reported a challenging quarter with a net decrease in cash and cash equivalents, reflecting cash outflows from operating activities amounting to $60,000 and from investing activities totaling $22,000. The mining exploration entity saw significant cash spent on exploration and evaluation, staff, and administration costs, leading to an overall cash reduction for the quarter ending 31 March 2024.

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

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