Northern Minerals & Exploration Ltd.

Northern Minerals & Exploration Ltd. - Current Ratioverified

NMEX

Price:

$0.05249

Market Cap:

$6.34M

Operating within the United States, Northern Minerals & Exploration Ltd. functions as a natural resources entity. Its activities span the production of petroleum and natural gas in central Texas, alongside the exploration for precious metals such as gold and silver in northern Nevada. The firm holds a significant stake in the J.E. Richey Lease project. Incorporated in 2006, the company underwent a name change in August 2013, transitioning from its former identity as Punchline Resources Ltd. to its current one. Its principal place of business is situated in Pleasant Grove, Utah.

Industry

Oil & Gas Exploration & Production

IPO Date

2012-09-06

Stock Exchange

OTC

Ticker

NMEX

The Current Ratio as of September 2026 (TTM) for Northern Minerals & Exploration Ltd. (NMEX) is 0.24

According to Northern Minerals & Exploration Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.24. This represents a change of 54.33% compared to the average of 0.15 of the last 4 quarters.

Northern Minerals & Exploration Ltd. (NMEX) Historical Current Ratio (quarterly & annually)

How has NMEX Current Ratio performed in the past?

The mean historical Current Ratio of Northern Minerals & Exploration Ltd. over the last ten years is 0.08. The current 0.24 Current Ratio has changed 29.01% with respect to the historical average. Over the past ten years (40 quarters), NMEX's Current Ratio was at its highest in in the July 2024 quarter at 0.44. The Current Ratio was at its lowest in in the July 2021 quarter at 0.00.

Quarterly (TTM)
Annual

Average

0.08

Median

0.03

Minimum

0.00

Maximum

0.44

Northern Minerals & Exploration Ltd. (NMEX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Northern Minerals & Exploration Ltd. 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 = 3.36%

Maximum Annual Current Ratio = 0.44

Minimum Annual Increase = -92.81%

Minimum Annual Current Ratio = 0.00

Quarterly (TTM)
Annual
YearCurrent RatioChange
20250.10-77.90%
20240.441.60%
20230.03-54.00%
20220.063.36%
20210.00-92.81%
20200.02-44.69%
20190.04-62.92%
20180.11923.35%
20170.01-33.60%
20160.0259.82%

Northern Minerals & Exploration Ltd. (NMEX) Average Current Ratio

How has NMEX Current Ratio performed in the past?

The current Current Ratio of Northern Minerals & Exploration Ltd. (NMEX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.19

5-year avg

0.12

10-year avg

0.08

Northern Minerals & Exploration Ltd. (NMEX) Current Ratio vs. Peers

How is NMEX’s Current Ratio compared to its peers?

Northern Minerals & Exploration Ltd.’s Current Ratio is less than Alaska Energy Metals Corporation (2.17), less than Star Diamond Corporation (0.44), less than Inflection Resources Ltd. (10.70), less than Gunpoint Exploration Ltd. (29.22), less than Kingfisher Metals Corp. (4.17), less than Star Royalties Ltd. (7.41), less than Copper Giant Resources Corp. (6.81), less than Austral Gold Limited (1.33), less than Orbit Resources Limited (0), greater than Northern Graphite Corporation (0.12),

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