Comet Lithium Corporation

Comet Lithium Corporationverified

XTRRF

Price:

$0.26

Market Cap:

$10.82M

Comet Lithium Corporation is a Canadian enterprise dedicated to the discovery and advancement of lithium resources. Its core business involves identifying, acquiring, and progressing prospective mining sites across Canada. The company's most significant holding is the Liberty Property, an entirely owned venture encompassing 38 mining claims located within Québec's James Bay area. Established in 2013, the organization was initially known as X-Terra Resources Inc. until its name change to Comet Lithium Corporation in June 2023. Its primary operational base is situated in Rouyn-Noranda, Canada.

Industry

Other Precious Metals

IPO Date

2016-10-07

Stock Exchange

OTC

Ticker

XTRRF

The Current Ratio as of June 2026 (TTM) for Comet Lithium Corporation (XTRRF) is 2.55

According to Comet Lithium Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.55. This represents a change of 3.25% compared to the average of 2.47 of the last 4 quarters.

Comet Lithium Corporation (XTRRF) Historical Current Ratio (quarterly & annually)

How has XTRRF Current Ratio performed in the past?

The mean historical Current Ratio of Comet Lithium Corporation over the last ten years is 4.45. The current 2.55 Current Ratio has changed 5.62% with respect to the historical average. Over the past ten years (40 quarters), XTRRF's Current Ratio was at its highest in in the March 2016 quarter at 19.80. The Current Ratio was at its lowest in in the December 2022 quarter at 1.19.

Quarterly (TTM)
Annual

Average

4.45

Median

3.02

Minimum

1.19

Maximum

9.75

Comet Lithium Corporation (XTRRF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Comet Lithium 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 = 177.57%

Maximum Annual Current Ratio = 9.75

Minimum Annual Increase = -77.23%

Minimum Annual Current Ratio = 1.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20252.55-16.95%
20243.073.26%
20232.97149.86%
20221.19-73.40%
20214.47-42.20%
20207.73-0.62%
20197.78177.57%
20182.8026.32%
20172.22-77.23%
20169.7513.94%

Comet Lithium Corporation (XTRRF) Average Current Ratio

How has XTRRF Current Ratio performed in the past?

The current Current Ratio of Comet Lithium Corporation (XTRRF) 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

2.86

5-year avg

2.85

10-year avg

4.45

Comet Lithium Corporation (XTRRF) Current Ratio vs. Peers

How is XTRRF’s Current Ratio compared to its peers?

Comet Lithium Corporation’s Current Ratio is greater than Magellan Gold Corporation (0.00), greater than Hawkeye Gold & Diamond Inc. (0.01), greater than EMC Gold Corporation (0.75), greater than Mountain Province Diamonds Inc. (0.77), greater than Tsodilo Resources Limited (0.01), greater than Origen Resources Inc. (2.25), less than ExGen Resources Inc. (3.46), less than Clifton Mining Company (270.13), greater than GGL Resources Corp. (1.62), less than Silver Wolf Exploration Ltd. (3.91),

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