AX8.AX
Price:
$0.007
Market Cap:
$5.82M
Accelerate Resources Limited operates as a mineral exploration company in Canada and Western Australia. The company explores for manganese, gold, and lithium deposits. It owns interests in the Woodie Woodie North manganese project consists of three granted exploration licenses covering an area of 358 square kilometers located to the north of the Woodie Woodie Manganese Mine; and Comet gold project comprising of five granted exploration licenses that covers 220 square kilometers located in Western Australia. The company also holds interest in the East Pilbara lithium project totaling an area of 369 square kilometers located in the East Pilbara region of Western Australia. Accelerate Resources...[Read more]
Industry
Industrial Materials
IPO Date
2018-02-13
Stock Exchange
ASX
Ticker
AX8.AX
According to Accelerate Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 6.30. This represents a change of 19.98% compared to the average of 5.25 of the last 4 quarters.
The mean historical Current Ratio of Accelerate Resources Limited over the last ten years is 7.68. The current 6.30 Current Ratio has changed 8.11% with respect to the historical average. Over the past ten years (40 quarters), AX8.AX's Current Ratio was at its highest in in the December 2021 quarter at 18.38. The Current Ratio was at its lowest in in the December 2016 quarter at 0.
Average
7.68
Median
6.30
Minimum
1.14
Maximum
16.08
Discovering the peaks and valleys of Accelerate Resources 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 = 1.31%
Maximum Annual Current Ratio = 16.08
Minimum Annual Increase = -90.78%
Minimum Annual Current Ratio = 1.14
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 6.30 | 176.93% |
| 2024 | 2.28 | -56.24% |
| 2023 | 5.20 | -49.91% |
| 2022 | 10.38 | -35.44% |
| 2021 | 16.08 | 1.31% |
| 2020 | 1.14 | -90.78% |
| 2019 | 12.41 | 27.89% |
| 2018 | 9.71 | 73.48% |
The current Current Ratio of Accelerate Resources Limited (AX8.AX) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
4.59
5-year avg
8.05
10-year avg
7.68
Accelerate Resources Limited’s Current Ratio is greater than Strategic Energy Resources Limited (1.66), less than Yari Minerals Limited (9.76), less than MetalsGrove Mining Limited (11.98), greater than Fin Resources Limited (0.98), greater than Tennant Minerals Limited (4.64), greater than GreenTech Metals Limited (1.45), less than eMetals Limited (40.63), greater than Alice Queen Limited (5.30), greater than Pursuit Minerals Limited (1.18), greater than AuKing Mining Limited (0.12),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.66 | $5.86M | |
| 9.76 | $7.58M | |
| 11.98 | $8.43M | |
| 0.98 | $5.82M | |
| 4.64 | $5.32M | |
| 1.45 | $8.84M | |
| 40.63 | $4.25M | |
| 5.30 | $6.03M | |
| 1.18 | $7.89M | |
| 0.12 | $3.60M |
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