Neometals Ltd

Neometals Ltdverified

RDRUY

Price:

$0.7595

Market Cap:

$78.22M

Neometals Ltd explores for mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials from spent and scrap lithium batteries; Vanadium Recovery project, which recovers vanadium pentoxide through processing of steelmaking by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia. The company was formerly known as Reed Resources Ltd. and changed its name to Neometals Ltd in December 2014. Neometals Ltd was incorporated in 2001 and is based in West Perth, Australia.[Read more]

Industry

Industrial Materials

IPO Date

2013-02-12

Stock Exchange

PNK

Ticker

RDRUY

The Current Ratio as of September 2024 (TTM) for Neometals Ltd (RDRUY) is 11.22

According to Neometals Ltd’s latest financial reports and current stock price. The company's current Current Ratio is 11.22. This represents a change of -5.33% compared to the average of 11.85 of the last 4 quarters.

Neometals Ltd (RDRUY) Historical Current Ratio (quarterly & annually)

How has RDRUY Current Ratio performed in the past?

The mean historical Current Ratio of Neometals Ltd over the last ten years is 18.00. The current 11.22 Current Ratio has changed 6.13% with respect to the historical average. Over the past ten years (40 quarters), RDRUY's Current Ratio was at its highest in in the June 2016 quarter at 45.80. The Current Ratio was at its lowest in in the March 2015 quarter at 0.77.

Quarterly (TTM)
Annual

Average

18.00

Median

15.94

Minimum

0.77

Maximum

45.80

Neometals Ltd (RDRUY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Neometals Ltd 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 = 5.85%

Maximum Annual Current Ratio = 45.80

Minimum Annual Increase = -67.64%

Minimum Annual Current Ratio = 0.77

Quarterly (TTM)
Annual
YearCurrent RatioChange
20237.79-54.68%
202217.1816.80%
202114.71-27.89%
202020.40-40.31%
201934.17163.63%
201812.96-45.67%
201723.86-47.91%
201645.805.85%
20150.77-67.64%
20142.38139.18%

Neometals Ltd (RDRUY) Average Current Ratio

How has RDRUY Current Ratio performed in the past?

The current Current Ratio of Neometals Ltd (RDRUY) 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

13.22

5-year avg

18.85

10-year avg

18.00

Neometals Ltd (RDRUY) Current Ratio vs. Peers

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

Neometals Ltd’s Current Ratio is greater than Bullion Gold Resources Corp. (2.55), greater than Tartisan Nickel Corp. (2.49), greater than Euro Manganese Inc. (4.61), greater than Multi-Metal Development Ltd. (0.12), greater than Cypress Development Corp. (10.40), less than Core Lithium Ltd (0), greater than Lake Resources NL (2.78), greater than Jourdan Resources Inc. (2.26), greater than Pure Energy Minerals Limited (2.04), greater than Spearmint Resources Inc. (7.69), greater than Cruz Battery Metals Corp. (1.85), greater than ioneer Ltd (5.80), greater than Argosy Minerals Limited (5.36), less than null (51.96),

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