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Zeotech's Cash Position Slides in June Quarter; Shares Down 5%

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Zeotech (ASX:ZEO) closed the June quarter with a cash position of about AU$8.5 million, according to a Friday filing with the Australian bourse.

The company's cash position was AU$10.7 million at the end of the March quarter, a previous filing showed.

For the June quarter, the company reported exploration and evaluation expenditures of AU$777,000 for its Toondoon and Abercorn projects, both located in Queensland, per the filing. It did not undertake any production and development activities in the three months through June.

Zeotech shares fell 5% in recent Friday trade.

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