MM1.AX
Price:
$0.53
Market Cap:
$80.94M
Midas Minerals Limited engages in exploration and evaluation of mineral resources. The company primarily explores for gold and base metals in the Eastern Goldfields of Western Australia. Its projects include the Weebo gold project covering 198 square kilometers and 2 exploration licenses located near Leinster, Western Australia; the Challa project, which consists of 2 exploration licenses and 3 license applications covering 859 square kilometers located to the east of Mt Magnet in Western Australia; and the Midas' Newington project that includes 2 exploration licenses covering 94.3 square kilometers located to southern cross greenstone belt; and the Greenbush lithium project covering 102 kil...[Read more]
Industry
Other Precious Metals
IPO Date
2021-09-07
Stock Exchange
ASX
Ticker
MM1.AX
According to Midas Minerals Limited’s latest financial reports and current stock price. The company's current Current Ratio is 14.24. This represents a change of 104.13% compared to the average of 6.98 of the last 4 quarters.
The mean historical Current Ratio of Midas Minerals Limited over the last ten years is 88.65. The current 14.24 Current Ratio has changed 1.51% with respect to the historical average. Over the past ten years (40 quarters), MM1.AX's Current Ratio was at its highest in in the December 2021 quarter at 37.80. The Current Ratio was at its lowest in in the June 2020 quarter at 0.
Average
88.65
Median
6.54
Minimum
5.16
Maximum
551.02
Discovering the peaks and valleys of Midas Minerals 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 = 8.33%
Maximum Annual Current Ratio = 551.02
Minimum Annual Increase = -93.14%
Minimum Annual Current Ratio = 5.16
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 5.34 | 3.42% |
| 2023 | 5.16 | -37.09% |
| 2022 | 8.21 | -78.28% |
| 2021 | 37.80 | -93.14% |
| 2020 | 551.02 | 8.33% |
| 2019 | 6.54 | 1.30% |
The current Current Ratio of Midas Minerals Limited (MM1.AX) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
6.24
5-year avg
121.51
10-year avg
88.65
Midas Minerals Limited’s Current Ratio is greater than Manuka Resources Limited (0.03), greater than Maronan Metals Limited (4.74), greater than G50 Corp Limited (1.08), greater than Austral Gold Limited (1.25), greater than Cyclone Metals Limited (7.17), less than Far East Gold Limited (18.32), greater than MetalsTech Limited (0.40), less than Lunnon Metals Limited (14.26), greater than Cobalt Blue Holdings Limited (0.51), greater than Forrestania Resources Limited (2.39),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.03 | $67.81M | |
| 4.74 | $70.78M | |
| 1.08 | $86.95M | |
| 1.25 | $89.17M | |
| 7.17 | $61.93M | |
| 18.32 | $55.05M | |
| 0.40 | $58.87M | |
| 14.26 | $64.15M | |
| 0.51 | $41.43M | |
| 2.39 | $121.95M |
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