Golden Lake Exploration Inc.

Golden Lake Exploration Inc.verified

GOLXF

Price:

$0.0317

Market Cap:

$4.40M

Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets. It explores for gold and copper deposits. The company primarily holds a 100% undivided interest in the Jewel Ridge project that consists of 96 unpatented lode mining claims and 30 patented claims covering an area of 728 hectares located in the Eureka mining district, Nevada. Golden Lake Exploration Inc. was incorporated in 2018 and is based in Vancouver, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2020-08-24

Stock Exchange

PNK

Ticker

GOLXF

The Current Ratio as of November 2024 (TTM) for Golden Lake Exploration Inc. (GOLXF) is 3.27

According to Golden Lake Exploration Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.27. This represents a change of 1.71% compared to the average of 3.21 of the last 4 quarters.

Golden Lake Exploration Inc. (GOLXF) Historical Current Ratio (quarterly & annually)

How has GOLXF Current Ratio performed in the past?

The mean historical Current Ratio of Golden Lake Exploration Inc. over the last ten years is 18.84. The current 3.27 Current Ratio has changed 1.63% with respect to the historical average. Over the past ten years (40 quarters), GOLXF's Current Ratio was at its highest in in the August 2022 quarter at 161.13. The Current Ratio was at its lowest in in the August 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

18.84

Median

8.11

Minimum

0.12

Maximum

53.43

Golden Lake Exploration Inc. (GOLXF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Golden Lake Exploration 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 = 8.46%

Maximum Annual Current Ratio = 53.43

Minimum Annual Increase = -97.78%

Minimum Annual Current Ratio = 0.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.45-94.01%
202240.85-23.54%
202153.43402.79%
202010.638.46%
20190.12-97.78%

Golden Lake Exploration Inc. (GOLXF) Average Current Ratio

How has GOLXF Current Ratio performed in the past?

The current Current Ratio of Golden Lake Exploration Inc. (GOLXF) 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

32.24

5-year avg

21.49

10-year avg

18.84

Golden Lake Exploration Inc. (GOLXF) Current Ratio vs. Peers

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

Golden Lake Exploration Inc.’s Current Ratio is greater than Prime Meridian Resources Corp. (0.21), greater than Macmahon Holdings Limited (1.25), greater than Rokmaster Resources Corp. (0.02), less than Hudson Resources Inc. (31.61), less than Base Resources Limited (0), greater than null (2.35),

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