Golden Rim Resources Ltd

Golden Rim Resources Ltdverified

GMR.AX

Price:

$0.011

Market Cap:

$8.06M

Golden Rim Resources Ltd engages in the exploration and development of mineral resource properties. It primarily explores for gold, silver, zinc, lead, and copper deposits. The company's flagship property is the Kada Gold project located in eastern Guinea. It also holds 100% interest in the Kouri Gold project covering an area of 325 square kilometers located in Burkina Faso, West Africa. The company was formerly known as Alcaston Mining NL and changed its name to Golden Rim Resources Ltd. in 2006. Golden Rim Resources Ltd was incorporated in 1987 and is headquartered in Melbourne, Australia.[Read more]

Industry

Gold

IPO Date

1988-01-28

Stock Exchange

ASX

Ticker

GMR.AX

The Current Ratio as of January 2025 (TTM) for Golden Rim Resources Ltd (GMR.AX) is 1.19

According to Golden Rim Resources Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 1.19. This represents a change of -35.58% compared to the average of 1.85 of the last 4 quarters.

Golden Rim Resources Ltd (GMR.AX) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Golden Rim Resources Ltd over the last ten years is 6.30. The current 1.19 Current Ratio has changed 1.79% with respect to the historical average. Over the past ten years (40 quarters), GMR.AX's Current Ratio was at its highest in in the June 2016 quarter at 38.69. The Current Ratio was at its lowest in in the March 2019 quarter at 0.37.

Quarterly (TTM)
Annual

Average

6.30

Median

1.19

Minimum

0.37

Maximum

38.69

Golden Rim Resources Ltd (GMR.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Golden Rim Resources 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 = 2.84%

Maximum Annual Current Ratio = 38.69

Minimum Annual Increase = -96.96%

Minimum Annual Current Ratio = 0.37

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.190%
20221.19-72.57%
20214.33237.99%
20201.28247.36%
20190.37-68.21%
20181.16-1.42%
20171.18-96.96%
201638.69194.82%
201513.122.84%
20140.45-67.84%

Golden Rim Resources Ltd (GMR.AX) Average Current Ratio

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

The current Current Ratio of Golden Rim Resources Ltd (GMR.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

2.24

5-year avg

1.67

10-year avg

6.30

Golden Rim Resources Ltd (GMR.AX) Current Ratio vs. Peers

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

Golden Rim Resources Ltd’s Current Ratio is less than Castle Minerals Limited (1.85), less than GBM Resources Limited (1.53), greater than West Wits Mining Limited (0.63), less than Predictive Discovery Limited (8.06), less than Genesis Minerals Limited (2.14),

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