Desert Mountain Energy Corp.

Desert Mountain Energy Corp.verified

DMEHF

Price:

$0.27

Market Cap:

$33.05M

Desert Mountain Energy Corp. engages in the exploration and development of oil and gas, and mineral properties in the United States, Canada, and internationally. It holds interest in the Holbrook Basin helium project covering an area of 65,912 acres located in the Northern Arizona; the Kight Gilcrease Sand Unit oil and gas project comprising 7 wells covering an area of 883.7 acres located in the Seminole County, Oklahoma; and has acquired 8,510 acres in Navajo County, Arizona. The company was formerly known as African Queen Mines Ltd. and changed its name to Desert Mountain Energy Corp. in April 2018. The company was incorporated in 2008 and is based in Vancouver, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2009-05-08

Stock Exchange

PNK

Ticker

DMEHF

The Current Ratio as of September 2024 (TTM) for Desert Mountain Energy Corp. (DMEHF) is 7.61

According to Desert Mountain Energy Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 7.61. This represents a change of -23.07% compared to the average of 9.89 of the last 4 quarters.

Desert Mountain Energy Corp. (DMEHF) Historical Current Ratio (quarterly & annually)

How has DMEHF Current Ratio performed in the past?

The mean historical Current Ratio of Desert Mountain Energy Corp. over the last ten years is 23.20. The current 7.61 Current Ratio has changed 3.18% with respect to the historical average. Over the past ten years (40 quarters), DMEHF's Current Ratio was at its highest in in the June 2021 quarter at 237.31. The Current Ratio was at its lowest in in the June 2018 quarter at 0.39.

Quarterly (TTM)
Annual

Average

23.20

Median

5.15

Minimum

0.45

Maximum

141.75

Desert Mountain Energy Corp. (DMEHF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Desert Mountain Energy Corp. 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 = 1.58%

Maximum Annual Current Ratio = 141.75

Minimum Annual Increase = -89.16%

Minimum Annual Current Ratio = 0.45

Quarterly (TTM)
Annual
YearCurrent RatioChange
202314.19149.34%
20225.69-89.16%
202152.51-62.96%
2020141.751.58%
20198.4282.33%
20184.62201.74%
20171.53240.86%
20160.45-71.54%
20151.5822.50%
20141.29-45.81%

Desert Mountain Energy Corp. (DMEHF) Average Current Ratio

How has DMEHF Current Ratio performed in the past?

The current Current Ratio of Desert Mountain Energy Corp. (DMEHF) 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

24.13

5-year avg

44.51

10-year avg

23.20

Desert Mountain Energy Corp. (DMEHF) Current Ratio vs. Peers

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

Desert Mountain Energy Corp.’s Current Ratio is greater than Avanti Helium Corp. (0.16), greater than CGX Energy Inc. (0.25), greater than Royal Helium Ltd. (0.25), greater than Eco (Atlantic) Oil & Gas Ltd. (1.68), less than Calima Energy Limited (0), greater than Barrister Energy, LLC (3.11), greater than Buru Energy Limited (0.25), greater than Tenaz Energy Corp. (3.18), greater than Daybreak Oil and Gas, Inc. (2.44), greater than New Source Energy Partners L.P. (0), less than null (0),

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