Oil & gas player Calima Energy Limited (ASX:CE1) has released its quarterly activities report for the three-month period ended 31st March 2020. The Company highlighted the following key activities undertaken during the quarter:
- Acquisition of fully permitted Tommy Lakes Facilities, strategic to Calima.
- Strategic movement of management to Canada.
- Implementation of significant cost-cutting measures to maintain balance sheet strength and preserve flexibility.
It is worth noting that the Company’s net working capital stood at $3.6 million as of 30th April 2020.
Post the key update, CE1 surged by ~16.7 per cent, trading at $0.007 as at 12:07 PM AEST on 30th April 2020.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
