NRIS
Price:
$0.1311
Market Cap:
$14.19M
Norris Industries, Inc. is an energy company primarily focused on the exploration, acquisition, and development of crude oil and natural gas properties across Texas. Its principal assets are concentrated in the Ellenberger formation within Coleman County, with additional holdings in Jack and Palo-Pinto Counties. As of March 1, 2022, the firm possessed approximately 29 thousand barrels of proved oil reserves and 150 million cubic feet of proved natural gas reserves. Established in 2014, the company was formerly known as International Western Petroleum, Inc. before changing its name to Norris Industries, Inc. in February 2018. The corporate headquarters are situated in Weatherford, Texas.
Industry
Oil & Gas Exploration & Production
IPO Date
2016-05-09
Stock Exchange
OTC
Ticker
NRIS
According to Norris Industries, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.30. This represents a change of -50.94% compared to the average of 0.62 of the last 4 quarters.
The mean historical Current Ratio of Norris Industries, Inc. over the last ten years is 1.39. The current 0.30 Current Ratio has changed 2.07% with respect to the historical average. Over the past ten years (40 quarters), NRIS's Current Ratio was at its highest in in the February 2018 quarter at 5.58. The Current Ratio was at its lowest in in the August 2021 quarter at 0.03.
Average
1.39
Median
0.86
Minimum
0.30
Maximum
5.58
Discovering the peaks and valleys of Norris Industries, Inc. 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 = 1.20%
Maximum Annual Current Ratio = 5.58
Minimum Annual Increase = -66.05%
Minimum Annual Current Ratio = 0.30
| Year | Current Ratio | Change |
|---|---|---|
| 2026 | 0.30 | -66.05% |
| 2025 | 0.89 | 51.77% |
| 2024 | 0.59 | -57.96% |
| 2023 | 1.40 | -7.30% |
| 2022 | 1.51 | 216.09% |
| 2021 | 0.48 | -42.47% |
| 2020 | 0.83 | -57.09% |
| 2019 | 1.94 | -65.29% |
| 2018 | 5.58 | 1.20% |
| 2017 | 0.43 | -56.40% |
The current Current Ratio of Norris Industries, Inc. (NRIS) 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
0.59
5-year avg
0.94
10-year avg
1.39
Norris Industries, Inc.’s Current Ratio is greater than Prospera Energy Inc. (0.08), less than Helium Evolution Incorporated (3.60), less than Star Energy Group PLC (1.23), less than Canuc Resources Corporation (4.81), less than 88 Energy Limited (29.11), less than Southern Energy Corp. (0.75), greater than Energy & Technology, Corp. (0.17), less than Otto Energy Limited (13.69), less than Lekoil Limited (2.38), less than Key Energy Services, Inc. (0.99),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.08 | $15.35M | |
| 3.60 | $14.79M | |
| 1.23 | $38.53M | |
| 4.81 | $19.84M | |
| 29.11 | $19.96M | |
| 0.75 | $19.34M | |
| 0.17 | $38.04M | |
| 13.69 | $31.17M | |
| 2.38 | $640.84K | |
| 0.99 | $37.42M |
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