Gateway Mining Limited

Gateway Mining Limitedverified

GML.AX

Price:

$0.022

Market Cap:

$8.99M

Gateway Mining Limited primarily explores for gold and base metal properties in Western Australia. It owns 100% interest in its flagship Montague Gold project covering an area of approximately 1000 square kilometers located in the town of Sandstone. Gateway Mining Limited was incorporated in 1957 and is based in Subiaco, Australia.[Read more]

Industry

Gold

IPO Date

1988-01-28

Stock Exchange

ASX

Ticker

GML.AX

The Current Ratio as of January 2025 (TTM) for Gateway Mining Limited (GML.AX) is 3.14

According to Gateway Mining Limited’s latest financial reports and current stock price. The company's current Current Ratio is 3.14. This represents a change of -7.75% compared to the average of 3.41 of the last 4 quarters.

Gateway Mining Limited (GML.AX) Historical Current Ratio (quarterly & annually)

How has GML.AX Current Ratio performed in the past?

The mean historical Current Ratio of Gateway Mining Limited over the last ten years is 3.98. The current 3.14 Current Ratio has changed 7.80% with respect to the historical average. Over the past ten years (40 quarters), GML.AX's Current Ratio was at its highest in in the September 2012 quarter at 20.79. The Current Ratio was at its lowest in in the March 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

3.98

Median

4.35

Minimum

0.04

Maximum

9.13

Gateway Mining Limited (GML.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Gateway Mining 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 = 8.51%

Maximum Annual Current Ratio = 9.13

Minimum Annual Increase = -92.13%

Minimum Annual Current Ratio = 0.04

Quarterly (TTM)
Annual
YearCurrent RatioChange
20243.14-38.57%
20235.12-43.91%
20229.1380.88%
20215.0514.50%
20204.412.48%
20194.3027.87%
20183.368.51%
20170.04-92.13%
20160.50-89.59%
20154.7611.83%

Gateway Mining Limited (GML.AX) Average Current Ratio

How has GML.AX Current Ratio performed in the past?

The current Current Ratio of Gateway Mining Limited (GML.AX) 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

5.80

5-year avg

5.37

10-year avg

3.98

Gateway Mining Limited (GML.AX) Current Ratio vs. Peers

How is GML.AX’s Current Ratio compared to its peers?

Gateway Mining Limited’s Current Ratio is less than Golden Deeps Limited (13.14), greater than GBM Resources Limited (1.53), greater than Genesis Minerals Limited (2.14), less than Helix Resources Limited (7.67), greater than Golden Cross Resources Limited (0.02),

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