29Metals Limited

29Metals Limitedverified

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

The Current Ratio as of December 2025 (TTM) for 29Metals Limited (29M.AX) is 1.83

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.

29Metals Limited (29M.AX) Historical Current Ratio (quarterly & annually)

How has 29M.AX Current Ratio performed in the past?

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.

Quarterly (TTM)
Annual

Average

1.02

Median

1.33

Minimum

0

Maximum

1.76

29Metals Limited (29M.AX) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.3312.86%
20231.18-23.64%
20221.54-12.33%
20211.7632.71%
20201.33Infinity%
201900%

29Metals Limited (29M.AX) Average Current Ratio

How has 29M.AX Current Ratio performed in the past?

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 (29M.AX) Current Ratio vs. Peers

How is 29M.AX’s Current Ratio compared to its peers?

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),

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