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Tesoro Gold ( (AU:TSO) ) has shared an announcement.
Tesoro Gold Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $652,000 and a significant investment in exploration and evaluation activities amounting to $3.2 million for the current quarter. Despite these expenditures, the company managed to secure $11.07 million from financing activities over the past nine months, indicating a strategic focus on bolstering its financial position to support ongoing exploration efforts.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
More about Tesoro Gold
Tesoro Gold Limited operates in the mining exploration industry, focusing primarily on the exploration and evaluation of mineral resources. The company is involved in the development and potential production of gold, with its market focus on expanding its exploration activities and securing financial resources to support its operations.
Average Trading Volume: 7,213,743
Technical Sentiment Signal: Buy
Current Market Cap: A$158.7M
See more data about TSO stock on TipRanks’ Stock Analysis page.