MEC Resources Limited

MEC Resources Limitedverified

MMR.AX

Price:

$0.005

Market Cap:

$9.36M

MEC Resources Limited, through its subsidiaries, operates as an oil and gas exploration and development company in Australia. It holds 100% interests in the EP386 and RL1 permit located in the onshore Bonaparte basin in the Western Australia and Northern Territory respectively; and an 85% interest in the PEP11 petroleum exploration permit located in the offshore Sydney basin. The company was incorporated in 2005 and is headquartered in South Perth, Australia.

Industry

Oil & Gas Exploration & Production

IPO Date

2006-05-29

Stock Exchange

ASX

Ticker

MMR.AX

The Current Ratio as of December 2025 (TTM) for MEC Resources Limited (MMR.AX) is 3.98

According to MEC Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 3.98. This represents a change of 54.90% compared to the average of 2.57 of the last 4 quarters.

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

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

The mean historical Current Ratio of MEC Resources Limited over the last ten years is 1.44. The current 3.98 Current Ratio has changed 27.54% with respect to the historical average. Over the past ten years (40 quarters), MMR.AX's Current Ratio was at its highest in in the June 2007 quarter at 23.40. The Current Ratio was at its lowest in in the December 2005 quarter at 0.

Quarterly (TTM)
Annual

Average

1.44

Median

0.63

Minimum

0.08

Maximum

5.41

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

Discovering the peaks and valleys of MEC 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 = 6.91%

Maximum Annual Current Ratio = 5.41

Minimum Annual Increase = -87.91%

Minimum Annual Current Ratio = 0.08

Quarterly (TTM)
Annual
YearCurrent RatioChange
20253.981.93%
20240.20-87.91%
20231.62-70.03%
20225.416.91%
20210.08-86.72%
20200.5816.19%
20190.50-36.63%
20180.7927.12%
20170.62-1.63%
20160.63-40.59%

MEC Resources Limited (MMR.AX) Average Current Ratio

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

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

3-year avg

1.93

5-year avg

2.26

10-year avg

1.44

MEC Resources Limited (MMR.AX) Current Ratio vs. Peers

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

MEC Resources Limited’s Current Ratio is greater than Triangle Energy (Global) Limited (0.42), greater than Lion Energy Limited (1.56), less than Galilee Energy Limited (5.12), greater than Top End Energy Limited (3.84), greater than Whitebark Energy Limited (0.83), greater than Grand Gulf Energy Limited (3.87), less than IPB Petroleum Limited (25.27), greater than AXP Energy Limited (2.45), greater than State Gas Limited (0.24), greater than Vintage Energy Limited (0.38),

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