Nevada Lithium Resources Inc.

Nevada Lithium Resources Inc.verified

NVLH.CN

Price:

$0.175

Market Cap:

$45.40M

Nevada Lithium Resources Inc., a mineral exploration company, engages in acquiring, exploring, evaluating, and developing lithium resource properties. It has option to acquire a 50% interest in the Bonnie Claire project located in the Nye County, Nevada. The company was formerly known as Hermes Acquisition Corp. and changed its name to Nevada Lithium Resources Inc. in March 2021. Nevada Lithium Resources Inc. was incorporated in 2020 and is based in Vancouver, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2021-09-30

Stock Exchange

CNQ

Ticker

NVLH.CN

The Current Ratio as of November 2024 (TTM) for Nevada Lithium Resources Inc. (NVLH.CN) is 0.55

According to Nevada Lithium Resources Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.55. This represents a change of -85.88% compared to the average of 3.89 of the last 4 quarters.

Nevada Lithium Resources Inc. (NVLH.CN) Historical Current Ratio (quarterly & annually)

How has NVLH.CN Current Ratio performed in the past?

The mean historical Current Ratio of Nevada Lithium Resources Inc. over the last ten years is 5.15. The current 0.55 Current Ratio has changed 965.65% with respect to the historical average. Over the past ten years (40 quarters), NVLH.CN's Current Ratio was at its highest in in the October 2021 quarter at 38.03. The Current Ratio was at its lowest in in the October 2022 quarter at 0.08.

Quarterly (TTM)
Annual

Average

5.15

Median

1.66

Minimum

0.47

Maximum

16.81

Nevada Lithium Resources Inc. (NVLH.CN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nevada Lithium Resources 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 = 220.03%

Maximum Annual Current Ratio = 16.81

Minimum Annual Increase = -97.22%

Minimum Annual Current Ratio = 0.47

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.53220.03%
20230.7968.81%
20220.47-97.22%

Nevada Lithium Resources Inc. (NVLH.CN) Average Current Ratio

How has NVLH.CN Current Ratio performed in the past?

The current Current Ratio of Nevada Lithium Resources Inc. (NVLH.CN) 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

1.26

5-year avg

5.15

10-year avg

5.15

Nevada Lithium Resources Inc. (NVLH.CN) Current Ratio vs. Peers

How is NVLH.CN’s Current Ratio compared to its peers?

Nevada Lithium Resources Inc.’s Current Ratio is less than Iconic Minerals Ltd. (0.83), less than Lithium Ionic Corp. (1.38), greater than Ameriwest Lithium Inc. (0.40), less than Argentina Lithium & Energy Corp. (30.57), less than Cruz Battery Metals Corp. (4.52),

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