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Syntara Limited Reports Positive Cash Flow Despite Operating Outflows
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Syntara Limited Reports Positive Cash Flow Despite Operating Outflows

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Invest with Confidence:

Pharmaxis Ltd ( (AU:SNT) ) just unveiled an announcement.

Syntara Limited reported its quarterly cash flow, showing positive net cash flow from financing activities amounting to A$11.352 million, driven by the proceeds from equity securities. Meanwhile, the company experienced a net cash inflow from investing activities of A$2.01 million, though operating activities resulted in a net cash outflow of A$337,000. The overall cash and cash equivalents increased by A$4.338 million during the quarter, indicating strong financial management and positioning.

More about Pharmaxis Ltd

YTD Price Performance: -11.25%

Average Trading Volume: 4,998,478

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$112.1M

See more insights into SNT stock on TipRanks’ Stock Analysis page.

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