Grid Metals Corp.

Grid Metals Corp.verified

MSMGF

Price:

$0.03054

Market Cap:

$8.18M

Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium and rare metals, and platinum group metals. The company primarily focuses on the East Bull Lake Palladium Property located in Ontario. Its properties also include the Makwa-Mayville Nickel Copper PGM Cobalt Project in Manitoba; and the Bannockburn Nickel Project located in the Sudbury Mining Division, Ontario. The company was formerly known as Mustang Minerals Corp. and changed its name to Grid Metals Corp. in June 2018. The company was incorporated in 1997 and is headquartered in Toronto, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2016-09-08

Stock Exchange

PNK

Ticker

MSMGF

The Current Ratio as of December 2024 (TTM) for Grid Metals Corp. (MSMGF) is 1.07

According to Grid Metals Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.07. This represents a change of -27.44% compared to the average of 1.47 of the last 4 quarters.

Grid Metals Corp. (MSMGF) Historical Current Ratio (quarterly & annually)

How has MSMGF Current Ratio performed in the past?

The mean historical Current Ratio of Grid Metals Corp. over the last ten years is 4.82. The current 1.07 Current Ratio has changed 2.12% with respect to the historical average. Over the past ten years (40 quarters), MSMGF's Current Ratio was at its highest in in the June 2023 quarter at 24.88. The Current Ratio was at its lowest in in the March 2016 quarter at 0.05.

Quarterly (TTM)
Annual

Average

4.82

Median

5.69

Minimum

0.11

Maximum

9.62

Grid Metals Corp. (MSMGF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Grid Metals 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 = 1.44%

Maximum Annual Current Ratio = 9.62

Minimum Annual Increase = -95.68%

Minimum Annual Current Ratio = 0.11

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.05-78.72%
20229.6242.01%
20216.7830.81%
20205.18-16.46%
20196.20-12.01%
20187.05-13.32%
20178.131.44%
20160.53370.69%
20150.11-95.68%
20142.60-57.32%

Grid Metals Corp. (MSMGF) Average Current Ratio

How has MSMGF Current Ratio performed in the past?

The current Current Ratio of Grid Metals Corp. (MSMGF) 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

6.15

5-year avg

5.97

10-year avg

4.82

Grid Metals Corp. (MSMGF) Current Ratio vs. Peers

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

Grid Metals Corp.’s Current Ratio is less than Giga Metals Corporation (4.83), less than Palladium One Mining Inc. (9.14), greater than Canada Silver Cobalt Works Inc. (0.95), less than New Age Metals Inc. (11.85), less than Stillwater Critical Minerals Corp. (8.18),

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