GFG Resources Inc

GFG Resources Incverified

GFG.V

Price:

$0.13

Market Cap:

$33.36M

GFG Resources Inc., an exploration company, engages in the acquisition and exploration of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds 100% interests in the Goldarm Property, Pen gold, and Dore gold projects located in Ontario; and the Rattlesnake Hills gold project situated in Natrona County, Wyoming. The company is headquartered in Saskatoon, Canada.[Read more]

Industry

Gold

IPO Date

2016-09-12

Stock Exchange

TSXV

Ticker

GFG.V

The Current Ratio as of September 2024 (TTM) for GFG Resources Inc (GFG.V) is 1.66

According to GFG Resources Inc’s latest financial reports and current stock price. The company's current Current Ratio is 1.66. This represents a change of -36.09% compared to the average of 2.60 of the last 4 quarters.

GFG Resources Inc (GFG.V) Historical Current Ratio (quarterly & annually)

How has GFG.V Current Ratio performed in the past?

The mean historical Current Ratio of GFG Resources Inc over the last ten years is 6.50. The current 1.66 Current Ratio has changed 2.45% with respect to the historical average. Over the past ten years (40 quarters), GFG.V's Current Ratio was at its highest in in the March 2017 quarter at 73.47. The Current Ratio was at its lowest in in the May 2015 quarter at 0.37.

Quarterly (TTM)
Annual

Average

6.50

Median

3.69

Minimum

0.61

Maximum

31.91

GFG Resources Inc (GFG.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of GFG Resources 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 = 3.47%

Maximum Annual Current Ratio = 31.91

Minimum Annual Increase = -94.05%

Minimum Annual Current Ratio = 0.61

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.81-2.33%
20223.9043.99%
20212.71-24.21%
20203.5829.22%
20192.77-39.74%
20184.59-85.61%
201731.913.47%
20160.8946.73%
20150.61-94.05%
201410.22-8.28%

GFG Resources Inc (GFG.V) Average Current Ratio

How has GFG.V Current Ratio performed in the past?

The current Current Ratio of GFG Resources Inc (GFG.V) 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

3.47

5-year avg

3.35

10-year avg

6.50

GFG Resources Inc (GFG.V) Current Ratio vs. Peers

How is GFG.V’s Current Ratio compared to its peers?

GFG Resources Inc’s Current Ratio is less than White Gold Corp. (2.55), less than Precipitate Gold Corp. (13.41), less than Lion One Metals Limited (4.65), greater than NuLegacy Gold Corporation (0.47), greater than Integra Resources Corp. (1.06),

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