Ongwe Minerals Inc.

Ongwe Minerals Inc.verified

GQMLF

Price:

$0.48

Market Cap:

$4.67M

Ongwe Minerals, Inc. is engaged in the exploration and development of gold and lithium projects in Namibia. It is also seeks development of assets in Egypt. The firm has the following projects: Khorixas Gold, Omatjete Gold, Outjo Gold, and the Central Easter Desert. The company was founded by Carl Joone in 2021 and is headquartered in Vancouver, CA.

Industry

Gold

IPO Date

2018-08-24

Stock Exchange

OTC

Ticker

GQMLF

The Current Ratio as of April 2026 (TTM) for Ongwe Minerals Inc. (GQMLF) is 0.06

According to Ongwe Minerals Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.06. This represents a change of 21.66% compared to the average of 0.05 of the last 4 quarters.

Ongwe Minerals Inc. (GQMLF) Historical Current Ratio (quarterly & annually)

How has GQMLF Current Ratio performed in the past?

The mean historical Current Ratio of Ongwe Minerals Inc. over the last ten years is 2.16. The current 0.06 Current Ratio has changed 159.26% with respect to the historical average. Over the past ten years (40 quarters), GQMLF's Current Ratio was at its highest in in the June 2016 quarter at 15.76. The Current Ratio was at its lowest in in the September 2025 quarter at 0.

Quarterly (TTM)
Annual

Average

2.16

Median

0.24

Minimum

0.02

Maximum

12.55

Ongwe Minerals Inc. (GQMLF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ongwe Minerals 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 = 19.02%

Maximum Annual Current Ratio = 12.55

Minimum Annual Increase = -95.50%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.08265.05%
20230.02-72.59%
20220.08-95.50%
20211.791.50%
20200.11-68.85%
20190.36-69.85%
20181.20-77.41%
20175.29-57.83%
201612.5519.02%
20150.07-92.15%

Ongwe Minerals Inc. (GQMLF) Average Current Ratio

How has GQMLF Current Ratio performed in the past?

The current Current Ratio of Ongwe Minerals Inc. (GQMLF) 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

0.06

5-year avg

0.42

10-year avg

2.16

Ongwe Minerals Inc. (GQMLF) Current Ratio vs. Peers

How is GQMLF’s Current Ratio compared to its peers?

Ongwe Minerals Inc.’s Current Ratio is greater than Labrador Iron Mines Holdings Limited (0.01), less than Orex Minerals Inc. (0.18), less than Prospect Ridge Resources Corp. (7.06), less than Tuktu Resources Ltd. (1.15), less than Phoenix Copper Limited (1.55), less than Mineral Road Discovery Inc. (1.32), greater than Highbank Resources Ltd. (0.00), less than Etruscus Resources Corp. (1.11), greater than Lighthouse Gold Inc. (0.04), less than StrikePoint Gold Inc. (6.63),

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