Golconda Gold Ltd.

Golconda Gold Ltd.verified

GGGOF

Price:

$0.1894

Market Cap:

$13.50M

Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties. It operates two mines, which include the Mupane Property located in the Republic of Botswana; and the Galaxy Property that covers an area of 58.6 square kilometers situated in the Republic of South Africa. The company was formerly known as Galane Gold Ltd. and changed its name to Golconda Gold Ltd. in October 2022. The company was incorporated in 2007 and is headquartered in Toronto, Canada.[Read more]

Industry

Gold

IPO Date

2013-03-18

Stock Exchange

PNK

Ticker

GGGOF

The Current Ratio as of September 2024 (TTM) for Golconda Gold Ltd. (GGGOF) is 0.33

According to Golconda Gold Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.33. This represents a change of 7.03% compared to the average of 0.31 of the last 4 quarters.

Golconda Gold Ltd. (GGGOF) Historical Current Ratio (quarterly & annually)

How has GGGOF Current Ratio performed in the past?

The mean historical Current Ratio of Golconda Gold Ltd. over the last ten years is 0.63. The current 0.33 Current Ratio has changed 5.16% with respect to the historical average. Over the past ten years (40 quarters), GGGOF's Current Ratio was at its highest in in the September 2014 quarter at 1.89. The Current Ratio was at its lowest in in the December 2023 quarter at 0.13.

Quarterly (TTM)
Annual

Average

0.63

Median

0.50

Minimum

0.13

Maximum

1.58

Golconda Gold Ltd. (GGGOF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Golconda Gold Ltd. 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 = 80.72%

Maximum Annual Current Ratio = 1.58

Minimum Annual Increase = -65.92%

Minimum Annual Current Ratio = 0.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.13-54.57%
20220.30-65.92%
20210.8780.72%
20200.4821.98%
20190.39-49.77%
20180.7974.67%
20170.45-12.82%
20160.52-35.90%
20150.81-48.93%
20141.58-8.61%

Golconda Gold Ltd. (GGGOF) Average Current Ratio

How has GGGOF Current Ratio performed in the past?

The current Current Ratio of Golconda Gold Ltd. (GGGOF) 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

0.43

5-year avg

0.44

10-year avg

0.63

Golconda Gold Ltd. (GGGOF) Current Ratio vs. Peers

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

Golconda Gold Ltd.’s Current Ratio is less than Moneta Gold Inc. (1.56), less than Karora Resources Inc. (1.79), less than Argonaut Gold Inc. (0.61), less than Fortuna Silver Mines Inc. (1.51), less than Treasury Metals Inc. (0.90), less than White Gold Corp. (2.55), less than Maple Gold Mines Ltd. (2.22), less than Orogen Royalties Inc. (22.10), less than Endurance Gold Corporation (29.91), less than Sixty North Gold Mining Ltd. (0.35), greater than St. James Gold Corp. (0.07), greater than Makara Mining Corp. (0.01), less than Contact Gold Corp. (1.40), less than Marathon Gold Corporation (1.68), less than K92 Mining Inc. (2.95), less than Torex Gold Resources Inc. (1.09), less than Dynacor Group Inc. (4.66), less than Labrador Gold Corp. (60.39), less than Japan Gold Corp. (3.97), less than Goldgroup Mining Inc. (0.41), less than Newcore Gold Ltd. (24.45),

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