Cover Technologies Inc.

Cover Technologies Inc.verified

COVE.CN

Price:

$0.185

Market Cap:

$7.58M

Cover Technologies Inc. engages in the research and development of magnesium processing technologies and solutions. The company develops ElectrumX, a blockchain-based platform for tracking and transacting commodity minerals with features, including a spot market and integrated third-party decentralized finance (DeFi) solutions. It also develops non-fungible tokens, as well as related assets and technologies in the area of DeFi. The company was formerly known as Mag One Products Inc. and changed its name to Cover Technologies Inc. in October 2020. Cover Technologies Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Industry

Industrial Materials

IPO Date

2012-01-17

Stock Exchange

CNQ

Ticker

COVE.CN

The Current Ratio as of November 2025 (TTM) for Cover Technologies Inc. (COVE.CN) is 0.27

According to Cover Technologies Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.27. This represents a change of -79.08% compared to the average of 1.29 of the last 4 quarters.

Cover Technologies Inc. (COVE.CN) Historical Current Ratio (quarterly & annually)

How has COVE.CN Current Ratio performed in the past?

The mean historical Current Ratio of Cover Technologies Inc. over the last ten years is 1.15. The current 0.27 Current Ratio has changed 2.26% with respect to the historical average. Over the past ten years (40 quarters), COVE.CN's Current Ratio was at its highest in in the March 2014 quarter at 5.76. The Current Ratio was at its lowest in in the December 2020 quarter at 0.01.

Quarterly (TTM)
Annual

Average

1.15

Median

0.25

Minimum

0.01

Maximum

5.35

Cover Technologies Inc. (COVE.CN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cover Technologies 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 = 13.83%

Maximum Annual Current Ratio = 5.35

Minimum Annual Increase = -95.76%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.27-85.50%
20211.8613.83%
20200.01-94.19%
20190.23216.28%
20180.07-67.18%
20170.22-78.39%
20161.03-52.90%
20152.18860.09%
20140.23-95.76%
20135.35-92.52%

Cover Technologies Inc. (COVE.CN) Average Current Ratio

How has COVE.CN Current Ratio performed in the past?

The current Current Ratio of Cover Technologies Inc. (COVE.CN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.72

5-year avg

0.49

10-year avg

1.15

Cover Technologies Inc. (COVE.CN) Current Ratio vs. Peers

How is COVE.CN’s Current Ratio compared to its peers?

Cover Technologies Inc.’s Current Ratio is greater than MGX Minerals Inc. (0.12), greater than Flying Nickel Mining Corp. (0.04), greater than Euromax Resources Ltd. (0.00), less than Metallica Metals Corp. (1.89), greater than Granite Creek Copper Ltd. (0.03), less than Seahawk Gold Corp. (10.37), greater than Stratabound Minerals Corp. (0.26), greater than Major Precious Metals Corp. (0.01), less than Interra Copper Corp. (2.44), less than Vital Battery Metals Inc. (12.17),

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