29M.AX
Price:
$0.42
Market Cap:
$576.38M
29Metals Limited explores, develops, and produces copper focused base and precious metals. The company explores for copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove property located in Western Australia; the Capricorn Copper property situated in Queensland; and the Redhill project located in southern Chile. The company was incorporated in 2021 and is headquartered in Melbourne, Australia.
Industry
Other Precious Metals
IPO Date
2021-07-02
Stock Exchange
ASX
Ticker
29M.AX
According to 29Metals Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.83. This represents a change of 40.21% compared to the average of 1.31 of the last 4 quarters.
The mean historical Current Ratio of 29Metals Limited over the last ten years is 1.02. The current 1.83 Current Ratio has changed 17.89% with respect to the historical average. Over the past ten years (40 quarters), 29M.AX's Current Ratio was at its highest in in the June 2022 quarter at 1.92. The Current Ratio was at its lowest in in the June 2018 quarter at 0.
Average
1.02
Median
1.33
Minimum
0
Maximum
1.76
Discovering the peaks and valleys of 29Metals Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 0%
Maximum Annual Current Ratio = 1.76
Minimum Annual Increase = 0%
Minimum Annual Current Ratio = 0
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.33 | 12.86% |
| 2023 | 1.18 | -23.64% |
| 2022 | 1.54 | -12.33% |
| 2021 | 1.76 | 32.71% |
| 2020 | 1.33 | Infinity% |
| 2019 | 0 | 0% |
The current Current Ratio of 29Metals Limited (29M.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
1.35
5-year avg
1.43
10-year avg
1.02
29Metals Limited’s Current Ratio is less than Minerals 260 Limited (4.42), less than Larvotto Resources Limited (6.15), less than Metallium Limited (5.42), less than PMET Resources Inc. (4.67), less than St Barbara Limited (2.77), less than Santana Minerals Limited (13.62), less than Bougainville Copper Limited (2.93), less than Arafura Rare Earths Limited (8.37), greater than Black Cat Syndicate Limited (1.26), less than Strickland Metals Limited (17.25),
| Company | Current Ratio | Market cap |
|---|---|---|
| 4.42 | $817.25M | |
| 6.15 | $594.91M | |
| 5.42 | $526.22M | |
| 4.67 | $827.58M | |
| 2.77 | $571.04M | |
| 13.62 | $510.20M | |
| 2.93 | $244.65M | |
| 8.37 | $642.40M | |
| 1.26 | $736.61M | |
| 17.25 | $411.31M |
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