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Stavely Minerals Ltd ( (AU:SVY) ) has issued an announcement.
Stavely Minerals Ltd reported a quarterly cash flow statement showing a net cash outflow from operating activities amounting to $1.593 million for the current quarter, with a year-to-date outflow of $2.638 million. The company has raised $1.5 million from equity securities, resulting in a net cash inflow of $1.381 million from financing activities, which partially offsets the operational cash outflow. This financial maneuvering indicates a strategic effort to manage liquidity and fund ongoing exploration and evaluation activities, which is crucial for maintaining its position in the competitive mining exploration industry.
More about Stavely Minerals Ltd
Stavely Minerals Ltd is involved in the mining exploration industry, focusing on exploration and evaluation activities. The company operates primarily in the mineral exploration sector, concentrating on identifying and developing mineral resources.
YTD Price Performance: -10.0%
Average Trading Volume: 1,100,258
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$9.79M
Learn more about SVY stock on TipRanks’ Stock Analysis page.
