Argo Gold Inc.

Argo Gold Inc.verified

ARBTF

Price:

$0.0582

Market Cap:

$5.74M

Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. The company explores for gold, silver, cobalt, and zinc deposits. Its flagship project is the 100% owned Uchi gold project covering 22 square kilometers located to the west of Uchi Lake in the Birch-Uchi Greenstone Belt, Ontario; and the 100% owned Talbot Lake gold project covering 760 hectares located in the Uchi geological sub-province. The company was formerly known as Arbitrage Exploration Inc. and changed its name to Argo Gold Inc. in September 2016. Argo Gold Inc. was incorporated in 1995 and is based in Toronto, Canada.[Read more]

Industry

Gold

IPO Date

2001-05-07

Stock Exchange

PNK

Ticker

ARBTF

The Current Ratio as of September 2024 (TTM) for Argo Gold Inc. (ARBTF) is 0.33

According to Argo Gold Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.33. This represents a change of 35.42% compared to the average of 0.25 of the last 4 quarters.

Argo Gold Inc. (ARBTF) Historical Current Ratio (quarterly & annually)

How has ARBTF Current Ratio performed in the past?

The mean historical Current Ratio of Argo Gold Inc. over the last ten years is 3.15. The current 0.33 Current Ratio has changed 963.37% with respect to the historical average. Over the past ten years (40 quarters), ARBTF's Current Ratio was at its highest in in the December 2021 quarter at 15.24. The Current Ratio was at its lowest in in the March 2023 quarter at 0.07.

Quarterly (TTM)
Annual

Average

3.15

Median

1.01

Minimum

0.08

Maximum

15.24

Argo Gold Inc. (ARBTF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Argo Gold 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 = 744.80%

Maximum Annual Current Ratio = 15.24

Minimum Annual Increase = -97.88%

Minimum Annual Current Ratio = 0.08

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.22-31.91%
20220.32-97.88%
202115.2456.09%
20209.76744.80%
20191.16-45.62%
20182.1342.61%
20171.4972.52%
20160.86333.62%
20150.20161.79%
20140.08-90.11%

Argo Gold Inc. (ARBTF) Average Current Ratio

How has ARBTF Current Ratio performed in the past?

The current Current Ratio of Argo Gold Inc. (ARBTF) 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

5.26

5-year avg

5.34

10-year avg

3.15

Argo Gold Inc. (ARBTF) Current Ratio vs. Peers

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

Argo Gold Inc.’s Current Ratio is less than Blue Star Gold Corp. (2.94), greater than Angkor Resources Corp. (0.24), greater than Advance Lithium Corp. (0.16), greater than Advance United Holdings Inc. (0.03), greater than Minnova Corp. (0.05),

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