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An update from Jayride Group Ltd. ( (AU:JAY) ) is now available.
Jayride Group Ltd. reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $322,000 and investing activities of $225,000. The company managed to raise $200,000 through equity securities, which contributed to a cash balance of $287,000 at the end of the quarter. This financial update indicates ongoing operational challenges but also shows efforts to bolster liquidity through financing activities.
More about Jayride Group Ltd.
Jayride Group Ltd. operates in the transportation industry, offering a platform that connects travelers with ride service providers. The company focuses on providing seamless and reliable transportation options for customers, enhancing their travel experience.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.69M
For detailed information about JAY stock, go to TipRanks’ Stock Analysis page.