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IN BRIEF: Neometals says quarterly cash balance falls on year

28th Jul 2023 14:37

Neometals Ltd - London-based sustainable battery materials producer - Says cash balance June 30 was AUD24.6 million, or GBP12.7 million, down 59% from AUD60.4 million a year prior. Adds it has no debt, unchanged from the year before, and has investments and receivables of AUD19.9 million, down 38% from AUD32.1 million in the same second quarter in 2022. Notes it had AUD7.7 million cash outflow in June quarter. The company also reported on quarterly activities, noting progress in its core battery materials business units.

Current stock price: 26.20 pence each, down 3.0% on Friday

12-month change: down 58%

By Sabrina Penty, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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