MLMLF
Price:
$0.0502
Market Cap:
$20.29M
McFarlane Lake Mining Limited acquires, explores, and develops gold properties in Canada. It holds an option agreement to acquire 100% interest in the High Lake mineral property located east of the Ontario-Manitoba border; West Hawk Lake mineral property located within Southwestern Manitoba; the McMillan mineral property located within Northeastern Ontario; Mongowin property located in Northeastern Ontario; and the Michaud/Munro properties located in Matheson, Ontarios. McFarlane Lake Mining Limited is headquartered in Sudbury, Canada.
Industry
Gold
IPO Date
2022-08-12
Stock Exchange
OTC
Ticker
MLMLF
According to McFarlane Lake Mining Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.70. This represents a change of -22.06% compared to the average of 0.90 of the last 4 quarters.
The mean historical Current Ratio of McFarlane Lake Mining Limited over the last ten years is 1.86. The current 0.70 Current Ratio has changed 3.69% with respect to the historical average. Over the past ten years (40 quarters), MLMLF's Current Ratio was at its highest in in the February 2022 quarter at 3.53. The Current Ratio was at its lowest in in the May 2021 quarter at 0.02.
Average
1.86
Median
1.32
Minimum
0.30
Maximum
4.48
Discovering the peaks and valleys of McFarlane Lake Mining 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 = 394.61%
Maximum Annual Current Ratio = 4.48
Minimum Annual Increase = -74.20%
Minimum Annual Current Ratio = 0.30
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.48 | 394.61% |
| 2023 | 0.30 | -74.04% |
| 2022 | 1.16 | -74.20% |
The current Current Ratio of McFarlane Lake Mining Limited (MLMLF) 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
0.98
5-year avg
1.86
10-year avg
1.86
McFarlane Lake Mining Limited’s Current Ratio is less than Delta Resources Limited (2.74), less than Irving Resources Inc. (4.09), greater than Visible Gold Mines Inc. (0.08), greater than Gold Springs Resource Corp. (0.11), less than Orecap Invest Corp. (0), greater than Sarama Resources Ltd (0.18), less than Marvel Gold Limited (12.69), less than Labrador Gold Corp. (74.77), less than Goldstorm Metals Corp. (6.55), less than Bedford Metals Corp. (123.89),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.74 | $17.28M | |
| 4.09 | $14.17M | |
| 0.08 | $15.02M | |
| 0.11 | $18.40M | |
| 0 | $16.32M | |
| 0.18 | $7.22M | |
| 12.69 | $16.06M | |
| 74.77 | $16.07M | |
| 6.55 | $12.17M | |
| 123.89 | $3.48M |
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