TNGMF
Price:
$0.102
Market Cap:
$1.58M
TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. It owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in the Abitibi region of northwestern Quebec. The company was formerly known as True North Gems Inc. and changed its name to TGX Energy & Resources Inc. in August 2024. The company was incorporated in 2001 and is based in Vancouver, Canada.
Industry
Other Precious Metals
IPO Date
2018-08-24
Stock Exchange
OTC
Ticker
TNGMF
According to TGX Energy & Resources Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.71. This represents a change of -40.35% compared to the average of 1.19 of the last 4 quarters.
The mean historical Current Ratio of TGX Energy & Resources Inc. over the last ten years is 3.51. The current 0.71 Current Ratio has changed 1.92% with respect to the historical average. Over the past ten years (40 quarters), TNGMF's Current Ratio was at its highest in in the September 2022 quarter at 220.59. The Current Ratio was at its lowest in in the June 2025 quarter at 0.71.
Average
3.51
Median
1.11
Minimum
0.02
Maximum
16.03
Discovering the peaks and valleys of TGX Energy & Resources 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 = 16.87%
Maximum Annual Current Ratio = 16.03
Minimum Annual Increase = -93.76%
Minimum Annual Current Ratio = 0.02
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.22 | -54.78% |
| 2023 | 2.70 | 169.58% |
| 2022 | 1.00 | -93.76% |
| 2021 | 16.03 | 16.87% |
| 2020 | 0.09 | 420.24% |
The current Current Ratio of TGX Energy & Resources Inc. (TNGMF) 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
1.64
5-year avg
4.21
10-year avg
3.51
TGX Energy & Resources Inc.’s Current Ratio is less than Riverside Resources Inc. (3.67), less than Silver North Resources Ltd. (1.18), less than Silver Range Resources Ltd. (43.91), less than Clean Air Metals Inc. (0.86), less than Stornoway Diamond Corporation (1.06), greater than Storm Exploration Inc. (0.05), greater than Q-Gold Resources Ltd. (0.19), less than Condor Resources Inc. (8.66), greater than Archon Minerals Limited (0.00), less than Silver Dollar Resources Inc. (5.67),
| Company | Current Ratio | Market cap |
|---|---|---|
| 3.67 | $11.43M | |
| 1.18 | $15.13M | |
| 43.91 | $8.85M | |
| 0.86 | $10.77M | |
| 1.06 | $92.77K | |
| 0.05 | $8.00M | |
| 0.19 | $10.04M | |
| 8.66 | $18.77M | |
| 0.00 | $9.63M | |
| 5.67 | $14.37M |
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