DM1.AX
Price:
$0.008
Market Cap:
$3.67M
Desert Metals Limited explores for mineral properties in Australia. The company primarily explores for nickel, copper, gold, lead, zinc, chrome, rare earth elements, and platinum group elements. It holds interest in the Narryer project that includes nine granted exploration licenses covering an area of approximately 1,600 square kilometers located on the northwest margin of the Yilgarn Craton in Western Australia; a 100% interest in Innouendy project; Irrida Hill Nickel project; Dingo Pass; Opal Bore Gold project; Hooper project; and Belele project. The company was incorporated in 2017 and is based in Perth, Australia.
Industry
Industrial Materials
IPO Date
2020-12-17
Stock Exchange
ASX
Ticker
DM1.AX
According to Desert Metals Limited’s latest financial reports and current stock price. The company's current Current Ratio is 6.09. This represents a change of 26.67% compared to the average of 4.81 of the last 4 quarters.
The mean historical Current Ratio of Desert Metals Limited over the last ten years is 15.40. The current 6.09 Current Ratio has changed 3.86% with respect to the historical average. Over the past ten years (40 quarters), DM1.AX's Current Ratio was at its highest in in the December 2020 quarter at 103.26. The Current Ratio was at its lowest in in the December 2017 quarter at 0.
Average
15.40
Median
10.64
Minimum
3.86
Maximum
37.00
Discovering the peaks and valleys of Desert Metals 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 = 858.41%
Maximum Annual Current Ratio = 37.00
Minimum Annual Increase = -56.92%
Minimum Annual Current Ratio = 3.86
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 6.09 | -15.78% |
| 2024 | 7.23 | -1.82% |
| 2023 | 7.37 | -56.92% |
| 2022 | 17.10 | 22.89% |
| 2021 | 13.92 | -54.57% |
| 2020 | 30.64 | -17.20% |
| 2019 | 37.00 | 858.41% |
The current Current Ratio of Desert Metals Limited (DM1.AX) 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
6.90
5-year avg
10.34
10-year avg
15.40
Desert Metals Limited’s Current Ratio is less than Sabre Resources Limited (30.46), greater than Evolution Energy Minerals Limited (0.24), greater than Golden Mile Resources Limited (1.68), greater than Mclaren Minerals Limited (2.13), greater than Kuniko Limited (0.26), greater than Infinity Mining Limited (3.79), greater than Tasman Resources Ltd (0.48), greater than South Harz Potash Limited (0.30), greater than Lightning Minerals Ltd (0.69), greater than Omnia Metals Group Ltd (3.59),
| Company | Current Ratio | Market cap |
|---|---|---|
| 30.46 | $4.73M | |
| 0.24 | $4.29M | |
| 1.68 | $4.11M | |
| 2.13 | $6.16M | |
| 0.26 | $5.51M | |
| 3.79 | $4.65M | |
| 0.48 | $5.58M | |
| 0.30 | $3.69M | |
| 0.69 | $2.50M | |
| 3.59 | $4.15M |
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