Magna Mining Inc.

Magna Mining Inc.verified

MGMNF

Price:

$0.8525

Market Cap:

$172.74M

Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, and platinum group metal deposits. Its flagship property is 100% owned the Shakespeare Mine consisting of 29 patented claims, three leased claims, and 787 mining claims covering an area of 18,178 hectares located in Sudbury, Canada. Magna Mining Inc. was founded in 2016 is based in Dowling, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2022-11-11

Stock Exchange

PNK

Ticker

MGMNF

The Current Ratio as of September 2024 (TTM) for Magna Mining Inc. (MGMNF) is 1.30

According to Magna Mining Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.30. This represents a change of -35.21% compared to the average of 2.00 of the last 4 quarters.

Magna Mining Inc. (MGMNF) Historical Current Ratio (quarterly & annually)

How has MGMNF Current Ratio performed in the past?

The mean historical Current Ratio of Magna Mining Inc. over the last ten years is 2.74. The current 1.30 Current Ratio has changed 4.64% with respect to the historical average. Over the past ten years (40 quarters), MGMNF's Current Ratio was at its highest in in the June 2021 quarter at 5.02. The Current Ratio was at its lowest in in the September 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

2.74

Median

2.48

Minimum

0.03

Maximum

7.78

Magna Mining Inc. (MGMNF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Magna Mining 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 = 6.96%

Maximum Annual Current Ratio = 7.78

Minimum Annual Increase = -97.09%

Minimum Annual Current Ratio = 0.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.6063.82%
20221.59-62.63%
20214.2580.56%
20202.356.96%
20200.03-45.88%
20190.06-97.09%
20182.12-34.01%
20173.21-58.78%
20167.78130.19%

Magna Mining Inc. (MGMNF) Average Current Ratio

How has MGMNF Current Ratio performed in the past?

The current Current Ratio of Magna Mining Inc. (MGMNF) 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

2.81

5-year avg

2.17

10-year avg

2.74

Magna Mining Inc. (MGMNF) Current Ratio vs. Peers

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

Magna Mining Inc.’s Current Ratio is less than Emerita Resources Corp. (8.21), greater than Copper Road Resources Inc. (0.33), greater than BCM Resources Corporation (0.01), less than Fathom Nickel Inc. (8.13), greater than York Harbour Metals Inc. (0.57), less than Québec Nickel Corp. (0), less than Bradda Head Lithium Limited (9.54), greater than CDN Maverick Capital Corp. (0.80), less than NGEx Minerals Ltd. (4.88), less than Boss Energy Limited (8.02), less than Forum Energy Metals Corp. (10.29), less than Global Atomic Corporation (2.29), greater than Kraken Energy Corp. (0.19), less than Cobalt Blue Holdings Limited (5.51), less than Ceylon Graphite Corp. (2.52), greater than Australian Vanadium Limited (0.08), less than American Rare Earths Limited (3.03), less than null (12.49),

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