RITE
Price:
$0.0017
Market Cap:
$10.59M
As of April 7, 2021, MineralRite Corporation was acquired by Southern Cars & Trucks, Inc. MineralRite Corporation, a development stage company, operates in the mineral and mining industry. It focuses on the manufacture, sale, and lease of mining and mineral processing equipment; purchase and development of minerals and mineral backed assets; management of mineral offtake activities; and purchase and sale of precious metals. The company was formerly known as Royal Quantum Group, Inc. and changed its name to MineralRite Corporation in October 2012. MineralRite Corporation was incorporated in 1996 and is based in Dallas, Texas.
Industry
Other Precious Metals
IPO Date
2002-09-30
Stock Exchange
OTC
Ticker
RITE
According to MineralRite Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.02. This represents a change of 23.51% compared to the average of 0.02 of the last 4 quarters.
The mean historical Current Ratio of MineralRite Corporation over the last ten years is 0.22. The current 0.02 Current Ratio has changed 738.55% with respect to the historical average. Over the past ten years (40 quarters), RITE's Current Ratio was at its highest in in the March 2013 quarter at 1.28. The Current Ratio was at its lowest in in the December 2024 quarter at 0.00.
Average
0.22
Median
0.16
Minimum
0.00
Maximum
0.83
Discovering the peaks and valleys of MineralRite Corporation 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 = 3.26%
Maximum Annual Current Ratio = 0.83
Minimum Annual Increase = -99.11%
Minimum Annual Current Ratio = 0.00
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 0.03 | 758.39% |
| 2024 | 0.00 | -99.11% |
| 2023 | 0.38 | -54.28% |
| 2013 | 0.83 | 174.10% |
| 2012 | 0.30 | 172.41% |
| 2011 | 0.11 | -63.51% |
| 2010 | 0.30 | 353.99% |
| 2009 | 0.07 | -67.47% |
| 2008 | 0.21 | 3.26% |
| 2007 | 0.01 | 667.16% |
The current Current Ratio of MineralRite Corporation (RITE) 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
0.14
5-year avg
0.31
10-year avg
0.22
MineralRite Corporation’s Current Ratio is less than Defiance Silver Corp. (9.26), less than Canterra Minerals Corporation (6.09), less than Patagonia Gold Corp. (0.26), less than Metallic Minerals Corp. (3.75), less than Viscount Mining Corp. (19.82), less than Kodiak Copper Corp. (3.21), less than Teuton Resources Corp. (45.05), less than Adyton Resources Corporation (15.35), less than NevGold Corp. (4.30), less than American Sierra Gold Corp. (18.21),
| Company | Current Ratio | Market cap |
|---|---|---|
| 9.26 | $49.65M | |
| 6.09 | $37.99M | |
| 0.26 | $178.51M | |
| 3.75 | $30.96M | |
| 19.82 | $25.25M | |
| 3.21 | $47.43M | |
| 45.05 | $67.10M | |
| 15.35 | $61.54M | |
| 4.30 | $208.07M | |
| 18.21 | $91.38M |
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