MGX Resources Limited.

MGX Resources Limited.verified

MGX.AX

Price:

$0.42

Market Cap:

$495.78M

MGX Resources Ltd. engages in the business of mining, exploration, and development of hematite iron ore deposits. It operates through the Koolan Island segment. The Koolan Island segment includes the mining, crushing and sale of iron ore direct from the Koolan Island iron ore operation. Mount Gibson Iron was founded in 1996 and is headquartered in West Perth, Australia.

Industry

Steel

IPO Date

2002-01-16

Stock Exchange

ASX

Ticker

MGX.AX

The Current Ratio as of December 2025 (TTM) for MGX Resources Limited. (MGX.AX) is 7.36

According to MGX Resources Limited.’s latest financial reports and current stock price. The company's current Current Ratio is 7.36. This represents a change of -1.90% compared to the average of 7.50 of the last 4 quarters.

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

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

The mean historical Current Ratio of MGX Resources Limited. over the last ten years is 6.99. The current 7.36 Current Ratio has changed 10.42% with respect to the historical average. Over the past ten years (40 quarters), MGX.AX's Current Ratio was at its highest in in the December 2016 quarter at 13.61. The Current Ratio was at its lowest in in the January 2006 quarter at 0.

Quarterly (TTM)
Annual

Average

6.99

Median

6.74

Minimum

1.67

Maximum

12.58

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

Discovering the peaks and valleys of MGX 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 = 134.35%

Maximum Annual Current Ratio = 12.58

Minimum Annual Increase = -50.16%

Minimum Annual Current Ratio = 1.67

Quarterly (TTM)
Annual
YearCurrent RatioChange
20257.36-15.94%
20248.75134.35%
20233.73123.79%
20221.67-50.16%
20213.35-44.21%
20206.00-1.95%
20196.12-34.97%
20189.41-25.20%
201712.5815.14%
201610.9393.24%

MGX Resources Limited. (MGX.AX) Average Current Ratio

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

The current Current Ratio of MGX Resources Limited. (MGX.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

6.61

5-year avg

4.97

10-year avg

6.99

MGX Resources Limited. (MGX.AX) Current Ratio vs. Peers

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

MGX Resources Limited.’s Current Ratio is greater than Tivan Limited (1.74), greater than Sovereign Metals Limited (7.12), greater than Syrah Resources Limited (0.47), less than Strickland Metals Limited (17.25), greater than Titomic Limited (2.03), greater than European Lithium Limited (0.26), greater than Aurelia Metals Limited (1.38), greater than Nova Minerals Limited (3.49), greater than Metro Mining Limited (0.76), greater than Aeris Resources Limited (0.91),

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