Morella Corporation Limited

Morella Corporation Limitedverified

ALTAF

Price:

$0.015

Market Cap:

$6.90M

Morella Corporation Limited, an exploration and resource development company, focuses on the exploration and development of lithium and battery minerals in Australia and the United States. It operates through Exploration Services and Mineral Exploration segments. The company holds a 51% interest in the Mallina Lithium Project located within the northern Pilbara, Western Australia; and a 60% interest and right to acquire a 100% interest in the Fish Lake Valley Lithium Project located in Esmeralda County, west-central Nevada, the United States. It also provides drilling services primarily to mining and exploration companies. The company was formerly known as Altura Mining Limited and changed i...[Read more]

Industry

Industrial Materials

IPO Date

2009-09-10

Stock Exchange

PNK

Ticker

ALTAF

The Current Ratio as of November 2024 (TTM) for Morella Corporation Limited (ALTAF) is 2.62

According to Morella Corporation Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.62. This represents a change of -35.37% compared to the average of 4.05 of the last 4 quarters.

Morella Corporation Limited (ALTAF) Historical Current Ratio (quarterly & annually)

How has ALTAF Current Ratio performed in the past?

The mean historical Current Ratio of Morella Corporation Limited over the last ten years is 2.24. The current 2.62 Current Ratio has changed 11.58% with respect to the historical average. Over the past ten years (40 quarters), ALTAF's Current Ratio was at its highest in in the September 2022 quarter at 10.75. The Current Ratio was at its lowest in in the September 2018 quarter at 0.13.

Quarterly (TTM)
Annual

Average

2.24

Median

1.35

Minimum

0.19

Maximum

8.23

Morella Corporation Limited (ALTAF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Morella Corporation Limited 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 = 327.33%

Maximum Annual Current Ratio = 8.23

Minimum Annual Increase = -88.46%

Minimum Annual Current Ratio = 0.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20235.48232.28%
20221.6550.38%
20211.1054.73%
20200.71264.31%
20190.19-87.80%
20181.5967.92%
20170.95-88.46%
20168.23327.33%
20151.93234.93%
20140.57-49.01%

Morella Corporation Limited (ALTAF) Average Current Ratio

How has ALTAF Current Ratio performed in the past?

The current Current Ratio of Morella Corporation Limited (ALTAF) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.74

5-year avg

1.83

10-year avg

2.24

Morella Corporation Limited (ALTAF) Current Ratio vs. Peers

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

Morella Corporation Limited’s Current Ratio is greater than Aurelia Metals Limited (2.02), greater than Ascendant Resources Inc. (0.05), greater than Artemis Resources Limited (1.30), less than Azimut Exploration Inc. (3.73), less than Edison Lithium Corp. (6.78), greater than Champion Bear Resources Ltd. (0.01), greater than Avarone Metals Inc. (0.01), greater than Adriatic Metals PLC (1.01), less than A-Cap Energy Limited (7.51), less than Frontier Lithium Inc. (4.62), less than Savannah Resources Plc (3.62), greater than Lithium Ionic Corp. (1.38), less than CanAlaska Uranium Ltd. (7.81), greater than Altiplano Metals Inc. (0.05),

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