RareX Limited

RareX Limitedverified

REE.AX

Price:

$0.009

Market Cap:

$7.21M

RareX Limited explores for and develops mineral properties in Australia. The company primarily explores for nickel, cobalt, copper, gold, and rare earths deposits. Its flagship project is the 100% owned Cummins Range Rare Earths project located in the East Kimbley region of Western Australia. The company was formerly known as Sagon Resources Limited and changed its name to RareX Limited in December 2019. RareX Limited was incorporated in 2003 and is based in Subiaco, Australia.[Read more]

Industry

Industrial Materials

IPO Date

2007-07-05

Stock Exchange

ASX

Ticker

REE.AX

The Current Ratio as of January 2025 (TTM) for RareX Limited (REE.AX) is 2.13

According to RareX Limited’s latest financial reports and current stock price. The company's current Current Ratio is 2.13. This represents a change of -27.89% compared to the average of 2.96 of the last 4 quarters.

RareX Limited (REE.AX) Historical Current Ratio (quarterly & annually)

How has REE.AX Current Ratio performed in the past?

The mean historical Current Ratio of RareX Limited over the last ten years is 7.58. The current 2.13 Current Ratio has changed 2.71% with respect to the historical average. Over the past ten years (40 quarters), REE.AX's Current Ratio was at its highest in in the December 2016 quarter at 77.43. The Current Ratio was at its lowest in in the June 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

7.58

Median

5.11

Minimum

2.13

Maximum

32.33

RareX Limited (REE.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of RareX Limited 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 = 263.90%

Maximum Annual Current Ratio = 32.33

Minimum Annual Increase = -79.30%

Minimum Annual Current Ratio = 2.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.13-11.12%
20232.40-44.49%
20224.32-25.29%
20215.78116.50%
20202.67-56.47%
20196.14-8.28%
20186.69-79.30%
201732.33263.90%
20168.8899.96%
20154.44-0.99%

RareX Limited (REE.AX) Average Current Ratio

How has REE.AX Current Ratio performed in the past?

The current Current Ratio of RareX Limited (REE.AX) 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

2.95

5-year avg

3.46

10-year avg

7.58

RareX Limited (REE.AX) Current Ratio vs. Peers

How is REE.AX’s Current Ratio compared to its peers?

RareX Limited’s Current Ratio is less than Ionic Rare Earths Limited (9.09), less than Vital Metals Limited (4.11), less than Hastings Technology Metals Limited (2.25), less than American Rare Earths Limited (24.78), greater than Northern Minerals Limited (0.43),

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