Moneta Gold Inc.

Moneta Gold Inc.verified

ME.TO

Price:

$0.63

Market Cap:

$50.90M

Moneta Gold Inc. operates as a resource exploration company in Canada. The company explores for gold deposits. Its flagship project is the Tower gold project located to the east of Timmins. The company was formerly known as Moneta Porcupine Mines Inc. and changed its name to Moneta Gold Inc. in August 2021. Moneta Gold Inc. was incorporated in 1910 and is headquartered in Timmins, Canada.[Read more]

Industry

Gold

IPO Date

1996-08-13

Stock Exchange

TSX

Ticker

ME.TO

The Current Ratio as of September 2024 (TTM) for Moneta Gold Inc. (ME.TO) is 1.56

According to Moneta Gold Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.56. This represents a change of -19.01% compared to the average of 1.92 of the last 4 quarters.

Moneta Gold Inc. (ME.TO) Historical Current Ratio (quarterly & annually)

How has ME.TO Current Ratio performed in the past?

The mean historical Current Ratio of Moneta Gold Inc. over the last ten years is 3.10. The current 1.56 Current Ratio has changed 4.91% with respect to the historical average. Over the past ten years (40 quarters), ME.TO's Current Ratio was at its highest in in the June 2017 quarter at 111.20. The Current Ratio was at its lowest in in the June 2019 quarter at 1.15.

Quarterly (TTM)
Annual

Average

3.10

Median

2.41

Minimum

1.20

Maximum

10.27

Moneta Gold Inc. (ME.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Moneta Gold 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 = 369.73%

Maximum Annual Current Ratio = 10.27

Minimum Annual Increase = -60.69%

Minimum Annual Current Ratio = 1.20

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.5629.50%
20221.20-52.37%
20212.523.17%
20202.442.87%
20192.38-15.86%
20182.8276.08%
20171.60-60.28%
20164.04-60.69%
201510.27369.73%
20142.19-44.82%

Moneta Gold Inc. (ME.TO) Average Current Ratio

How has ME.TO Current Ratio performed in the past?

The current Current Ratio of Moneta Gold Inc. (ME.TO) 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

1.76

5-year avg

2.02

10-year avg

3.10

Moneta Gold Inc. (ME.TO) Current Ratio vs. Peers

How is ME.TO’s Current Ratio compared to its peers?

Moneta Gold Inc.’s Current Ratio is greater than Treasury Metals Inc. (0.90), less than Loncor Gold Inc. (2.24), less than Mawson Gold Limited (3.08), less than International Tower Hill Mines Ltd. (14.74), less than Lion One Metals Limited (4.65),

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