Argo Gold (TSE:ARQ) has released an update.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Argo Gold Inc. reported a productive May 2024 with a total oil production of 3,375 barrels, averaging 109 barrels per day, alongside an average oil price of CDN$79.43 per barrel. This activity led to a substantial oil revenue of $268,111 for the month, with a net operating cash flow amounting to $175,732, signaling a potentially lucrative period for the company and its stakeholders.
For further insights into TSE:ARQ stock, check out TipRanks’ Stock Analysis page.