Orbite Aluminae Issues Response to Recent Share Price Movement

Rare Earth Investing

Orbite Aluminae Inc. (TSX:ORT) issued a press release to respond to its recent share price movement. The Company also gave a summary of its consolidated annual financial statements.

Highlights include:

Cash and Cash Equivalents of $40.2 million
Total Current Assets of $48.5 million
Accounts Payable and Accrued Liabilities of $28.6 million
Comprehensive loss of $16.9 million or $0.09 per weighted average shares outstanding
Cash flows used for operating activities of $11.9 million
Cash flows from financing activities of $30.4 million

Click here to read the Orbite Aluminae Inc. (TSX:ORT) press release

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