Basin Energy Limited ( (AU:BSN) ) has provided an update.
Basin Energy Limited’s latest quarterly cash flow report reveals a net cash outflow from operating activities amounting to $262,000 for the current quarter, primarily due to exploration and evaluation expenses and administrative costs. Despite this, the company managed a positive cash flow from investing activities, reporting a net inflow of $130,000, which indicates a strategic allocation of resources towards potential future growth.
More about Basin Energy Limited
Basin Energy 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 mineral exploration activities.
YTD Price Performance: -30.0%
Average Trading Volume: 243,254
Technical Sentiment Signal: Buy
See more insights into BSN stock on TipRanks’ Stock Analysis page.