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ActivEX Limited ( (AU:AIV) ) just unveiled an update.
ActivEX Limited’s latest quarterly cash flow report reveals a net increase in cash and cash equivalents, driven primarily by proceeds from the disposal of tenements, which amounted to $500,000 for the current quarter. Despite a net cash outflow from operating activities, the company’s strategic disposal of assets has positively impacted its cash position, suggesting a focus on optimizing its asset portfolio to strengthen financial stability.
More about ActivEX Limited
ActivEX Limited operates in the mining exploration sector, focusing on the exploration and evaluation of mineral resources. The company is involved in identifying and developing potential mining sites, with a market focus on expanding its resource base and enhancing its exploration capabilities.
YTD Price Performance: -9.09%
Average Trading Volume: 283,333
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.94M
For an in-depth examination of AIV stock, go to TipRanks’ Stock Analysis page.