ARSMF
Price:
$0.426
Market Cap:
$132.68M
Ares Strategic Mining Inc., a junior natural resource mining company, acquires and explores for fluorspar properties. It focuses on the exploitation, production, and supply of metspar and acidspar. The company holds 100% interest in the Lost Sheep Fluoride Mine that consists of 67 claims covering an area of approximately 1,447 acres located in western Utah, the United States; and the Liard Fluorspar property, which includes 14 claims located in British Columbia. It also holds interest in the Jackpot Lake property that comprises 140 mineral claims covering an area of 2,800 acres located in Clark County, Nevada; and a 20% interest in the Vanadium Ridge property, which consists of 20 mining cla...[Read more]
Industry
Industrial Materials
IPO Date
2018-03-28
Stock Exchange
OTC
Ticker
ARSMF
According to Ares Strategic Mining Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.18. This represents a change of 135.52% compared to the average of 0.50 of the last 4 quarters.
The mean historical Current Ratio of Ares Strategic Mining Inc. over the last ten years is 2.56. The current 1.18 Current Ratio has changed 4.53% with respect to the historical average. Over the past ten years (40 quarters), ARSMF's Current Ratio was at its highest in in the March 2017 quarter at 30.38. The Current Ratio was at its lowest in in the September 2019 quarter at 0.05.
Average
2.56
Median
0.87
Minimum
0.05
Maximum
13.81
Discovering the peaks and valleys of Ares Strategic Mining Inc. 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 = 1.50%
Maximum Annual Current Ratio = 13.81
Minimum Annual Increase = -94.56%
Minimum Annual Current Ratio = 0.05
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 0.26 | -68.42% |
| 2023 | 0.83 | -29.97% |
| 2022 | 1.19 | 121.90% |
| 2021 | 0.54 | -32.71% |
| 2020 | 0.80 | 1.50% |
| 2019 | 0.05 | -94.56% |
| 2018 | 0.91 | -80.54% |
| 2017 | 4.68 | 87.11% |
| 2016 | 2.50 | -81.88% |
| 2015 | 13.81 | 54.74% |
The current Current Ratio of Ares Strategic Mining Inc. (ARSMF) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
0.76
5-year avg
0.72
10-year avg
2.56
Ares Strategic Mining Inc.’s Current Ratio is greater than Oroco Resource Corp. (0.88), less than NorthWest Copper Corp. (1.28), greater than Andina Copper Corporation (0.46), less than Group Eleven Resources Corp. (4.19), greater than NextSource Materials Inc. (0.57), less than Stillwater Critical Minerals Corp. (6.10), less than Arizona Metals Corp. (32.06), greater than Canadian North Resources Inc. (0.47), less than American Lithium Corp. (1.48), less than Asia Broadband, Inc. (211.18),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.88 | $63.92M | |
| 1.28 | $56.20M | |
| 0.46 | $95.40M | |
| 4.19 | $97.70M | |
| 0.57 | $58.71M | |
| 6.10 | $85.37M | |
| 32.06 | $63.76M | |
| 0.47 | $40.01M | |
| 1.48 | $64.28M | |
| 211.18 | $64.47M |
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