Magna Gold Corp.

Magna Gold Corp.verified

MGLQF

Price:

$0.008

Market Cap:

$734.09K

Magna Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company explores for gold and silver deposits. Its principal property is the San Francisco gold project, which consists of 21 contiguous concessions covering an area of 47,395 hectares located in Sonora, Mexico. The company was incorporated in 2018 and is based in Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

2021-01-08

Stock Exchange

PNK

Ticker

MGLQF

The Current Ratio as of September 2024 (TTM) for Magna Gold Corp. (MGLQF) is 0.79

According to Magna Gold Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.79. This represents a change of 154.28% compared to the average of 0.31 of the last 4 quarters.

Magna Gold Corp. (MGLQF) Historical Current Ratio (quarterly & annually)

How has MGLQF Current Ratio performed in the past?

The mean historical Current Ratio of Magna Gold Corp. over the last ten years is 12.77. The current 0.79 Current Ratio has changed 516.26% with respect to the historical average. Over the past ten years (40 quarters), MGLQF's Current Ratio was at its highest in in the September 2022 quarter at 0.31. The Current Ratio was at its lowest in in the September 2022 quarter at 0.31.

Quarterly (TTM)
Annual

Average

12.77

Median

3.47

Minimum

0.79

Maximum

43.36

Magna Gold Corp. (MGLQF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magna Gold Corp. 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 = 0%

Maximum Annual Current Ratio = 43.36

Minimum Annual Increase = -86.12%

Minimum Annual Current Ratio = 0.79

Quarterly (TTM)
Annual
YearCurrent RatioChange
20210.79-13.93%
20200.91-84.81%
20206.02-86.12%

Magna Gold Corp. (MGLQF) Average Current Ratio

How has MGLQF Current Ratio performed in the past?

The current Current Ratio of Magna Gold Corp. (MGLQF) 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

2.57

5-year avg

12.77

10-year avg

12.77

Magna Gold Corp. (MGLQF) Current Ratio vs. Peers

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

Magna Gold Corp.’s Current Ratio is less than Robex Resources Inc. (0.89), greater than Rover Metals Corp. (0.16), less than Eloro Resources Ltd. (1.71), less than Orefinders Resources Inc. (5.49), less than Treasury Metals Inc. (0.90), less than Gold Bull Resources Corp. (9.22), less than Leviathan Gold Ltd. (10.39), less than Rackla Metals Inc. (4.57), less than Japan Gold Corp. (0), less than Loncor Gold Inc. (3.97), less than null (2.24),

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