RLGMF
Price:
$0.02938
Market Cap:
$396.71M
West Red Lake Gold Mines Inc., acquires, explores for, and develops gold deposits in Canada. It holds interests in the West Red Lake project that includes three contiguous properties comprising the Mount Jamie Mine, Rowan Mine, and Red Summit Mine properties covering an area of 3,100 hectares located in Red Lake mining division, District of Kenora (Patricia Portion), Northwestern Ontario. The company was formerly known as Hy Lake Gold Inc. and changed its name to West Red Lake Gold Mines Inc. in May 2012. The company was incorporated in 1991 and is based in Toronto, Canada.
Industry
Gold
IPO Date
2012-02-22
Stock Exchange
OTC
Ticker
RLGMF
According to West Red Lake Gold Mines Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.61. This represents a change of 7.86% compared to the average of 1.49 of the last 4 quarters.
The mean historical Current Ratio of West Red Lake Gold Mines Inc. over the last ten years is 25.86. The current 1.61 Current Ratio has changed 521.36% with respect to the historical average. Over the past ten years (40 quarters), RLGMF's Current Ratio was at its highest in in the February 2021 quarter at 79.36. The Current Ratio was at its lowest in in the November 2017 quarter at 0.05.
Average
25.86
Median
14.24
Minimum
0.05
Maximum
65.00
Discovering the peaks and valleys of West Red Lake Gold Mines 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 = 129.57%
Maximum Annual Current Ratio = 65.00
Minimum Annual Increase = -97.06%
Minimum Annual Current Ratio = 0.05
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.53 | 4.08% |
| 2023 | 1.47 | -94.36% |
| 2022 | 26.03 | -49.10% |
| 2021 | 51.14 | 1.04% |
| 2020 | 50.61 | -13.65% |
| 2019 | 58.62 | -9.83% |
| 2018 | 65.00 | 129.57% |
| 2017 | 0.05 | -97.06% |
| 2016 | 1.70 | -30.70% |
| 2015 | 2.46 | -63.92% |
The current Current Ratio of West Red Lake Gold Mines Inc. (RLGMF) 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
9.68
5-year avg
26.16
10-year avg
25.86
West Red Lake Gold Mines Inc.’s Current Ratio is less than Gold Bull Resources Corp. (1.82), greater than Pacton Gold Inc. (0.87), less than Fremont Gold Ltd. (1.88), less than Spod Lithium Corp. (0), greater than China Nonferrous Gold Limited (0.06), less than Jubilee Gold Exploration Ltd. (24.57), greater than St. Anthony Gold Corp. (0.21), less than S2 Minerals Inc. (9.33), less than Nordique Resources Inc. (9.16), greater than Inca One Gold Corp. (0.60),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.82 | $5.88M | |
| 0.87 | $5.27M | |
| 1.88 | $6.25M | |
| 0 | $6.31M | |
| 0.06 | $6.39M | |
| 24.57 | $5.03M | |
| 0.21 | $4.73M | |
| 9.33 | $3.31M | |
| 9.16 | $6.89M | |
| 0.60 | $4.91M |
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