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Energy Action Limited Reports Cash Flow Dynamics Amid Operational Challenges

Story Highlights
  • Energy Action Limited reported a net cash decrease of $264,000 from operating activities.
  • The company achieved a net cash inflow of $458,000 from financing activities, increasing cash reserves by $342,000.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Energy Action Limited Reports Cash Flow Dynamics Amid Operational Challenges

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The latest update is out from Energy Action Limited ( (AU:EAX) ).

Energy Action Limited’s recent quarterly cash flow report reveals a net cash decrease from operating activities, with a deficit of $264,000. The company also reported net cash outflows from investing activities amounting to $207,000, while financing activities resulted in a net cash inflow of $458,000, leading to an overall increase in cash and cash equivalents by $342,000 for the period. This financial performance indicates a strategic focus on managing cash flow through financing, despite operational and investment challenges.

The most recent analyst rating on (AU:EAX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Energy Action Limited stock, see the AU:EAX Stock Forecast page.

More about Energy Action Limited

Energy Action Limited operates in the energy sector, providing services related to energy procurement, contract management, and energy efficiency. The company focuses on helping businesses optimize their energy usage and reduce costs, positioning itself as a key player in the energy management industry.

Average Trading Volume: 15,799

Technical Sentiment Signal: Buy

Current Market Cap: A$20.16M

For a thorough assessment of EAX stock, go to TipRanks’ Stock Analysis page.

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