Magmatic Resources Limited

Magmatic Resources Limitedverified

MAG.AX

Price:

$0.058

Market Cap:

$27.43M

Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. The company explores for gold and copper deposits. It holds 100% interests in the Myall, Parkes, and Wellington North projects located in the East Lachlan region, New South Wales. The company was incorporated in 2016 and is headquartered in Nedlands, Australia.

Industry

Gold

IPO Date

2017-05-19

Stock Exchange

ASX

Ticker

MAG.AX

The Current Ratio as of December 2025 (TTM) for Magmatic Resources Limited (MAG.AX) is 6.33

According to Magmatic Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 6.33. This represents a change of 2.54% compared to the average of 6.18 of the last 4 quarters.

Magmatic Resources Limited (MAG.AX) Historical Current Ratio (quarterly & annually)

How has MAG.AX Current Ratio performed in the past?

The mean historical Current Ratio of Magmatic Resources Limited over the last ten years is 6.49. The current 6.33 Current Ratio has changed 9.65% with respect to the historical average. Over the past ten years (40 quarters), MAG.AX's Current Ratio was at its highest in in the June 2022 quarter at 12.92. The Current Ratio was at its lowest in in the January 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

6.49

Median

6.17

Minimum

0.13

Maximum

12.92

Magmatic Resources Limited (MAG.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magmatic 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 = 6.05%

Maximum Annual Current Ratio = 12.92

Minimum Annual Increase = -85.28%

Minimum Annual Current Ratio = 0.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20256.33-43.54%
202411.2286.77%
20236.01-53.50%
202212.92115.79%
20215.99-52.24%
202012.533.20%
20190.38-68.68%
20181.21-85.28%
20178.226.05%
20160.13-0.70%

Magmatic Resources Limited (MAG.AX) Average Current Ratio

How has MAG.AX Current Ratio performed in the past?

The current Current Ratio of Magmatic Resources Limited (MAG.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

7.85

5-year avg

8.49

10-year avg

6.49

Magmatic Resources Limited (MAG.AX) Current Ratio vs. Peers

How is MAG.AX’s Current Ratio compared to its peers?

Magmatic Resources Limited’s Current Ratio is less than Kalgoorlie Gold Mining Limited (8.59), greater than Siren Gold Limited (5.96), greater than Kingsrose Mining Limited (3.70), less than Gateway Mining Limited (12.57), less than Odyssey Gold Limited (10.78), greater than AuMEGA Metals Ltd (4.24), less than Hawthorn Resources Limited (8.09), less than Alicanto Minerals Limited (10.24), greater than QMines Limited (1.55), less than Adelong Gold Limited (6.55),

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