MGX Minerals Inc.

MGX Minerals Inc.verified

XMG.CN

Price:

$0.05

Market Cap:

$8.51M

MGX Minerals Inc. engages in the acquisition, exploration, and development of mineral resource properties and industrial technologies. The company operates and invests in mineral property portfolios, which consists of lithium, magnesium oxide, silca, niobium-tantulum, and gold properties located in Canada. It holds 100% interests in Fran Property located within the Omineca Mining District, British Columbia; Longworth Silica Property; Wonah mineral claims; Alberta Lithium property; and Gibraltar Claims. The company also holds a 90% interest in Driftwood Property, as well as interests in Koot Silica Property; Sturgeon Lake Lithium Brine Property; REN mineral claims; Kibby Basin; and HeinoMoney...[Read more]

Industry

Industrial Materials

IPO Date

2014-11-03

Stock Exchange

CNQ

Ticker

XMG.CN

The Current Ratio as of November 2025 (TTM) for MGX Minerals Inc. (XMG.CN) is 0.12

According to MGX Minerals Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of 35.76% compared to the average of 0.09 of the last 4 quarters.

MGX Minerals Inc. (XMG.CN) Historical Current Ratio (quarterly & annually)

How has XMG.CN Current Ratio performed in the past?

The mean historical Current Ratio of MGX Minerals Inc. over the last ten years is 2.17. The current 0.12 Current Ratio has changed 458.91% with respect to the historical average. Over the past ten years (40 quarters), XMG.CN's Current Ratio was at its highest in in the January 2018 quarter at 4.56. The Current Ratio was at its lowest in in the July 2013 quarter at 0.

Quarterly (TTM)
Annual

Average

2.17

Median

0.53

Minimum

0

Maximum

9.13

MGX Minerals Inc. (XMG.CN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MGX Minerals 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 = Infinity%

Maximum Annual Current Ratio = 9.13

Minimum Annual Increase = -93.68%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20200.12-30.81%
20190.18-93.68%
20182.78-6.80%
20172.98686.64%
20160.38-28.43%
20150.53-84.76%
20143.47-61.97%
20139.13Infinity%

MGX Minerals Inc. (XMG.CN) Average Current Ratio

How has XMG.CN Current Ratio performed in the past?

The current Current Ratio of MGX Minerals Inc. (XMG.CN) 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

1.02

5-year avg

1.29

10-year avg

2.17

MGX Minerals Inc. (XMG.CN) Current Ratio vs. Peers

How is XMG.CN’s Current Ratio compared to its peers?

MGX Minerals Inc.’s Current Ratio is less than Cover Technologies Inc. (0.27), greater than Flying Nickel Mining Corp. (0.04), greater than Granite Creek Copper Ltd. (0.03), less than Seahawk Gold Corp. (10.37), less than Stratabound Minerals Corp. (0.26), greater than Euromax Resources Ltd. (0.00), less than Metallica Metals Corp. (1.89), less than Antioquia Gold Inc. (0.22), greater than Major Precious Metals Corp. (0.01), less than Vital Battery Metals Inc. (12.17),

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