Riedel Resources Limited

Riedel Resources Limitedverified

RIE.AX

Price:

$0.033

Market Cap:

$1.83M

Riedel Resources Limited engages in the exploration and development of mineral properties in Australia, the United States, and Spain. The company explores for gold, silver, and base metal deposits. It primarily focuses on the advancement of Kingman Gold project comprising approximately 200 contiguous mining claims situated in the north-west Arizona. The company was incorporated in 2010 and is based in West Perth, Australia.[Read more]

Industry

Industrial Materials

IPO Date

2011-01-30

Stock Exchange

ASX

Ticker

RIE.AX

The Current Ratio as of January 2025 (TTM) for Riedel Resources Limited (RIE.AX) is 0.94

According to Riedel Resources Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.94. This represents a change of -68.89% compared to the average of 3.01 of the last 4 quarters.

Riedel Resources Limited (RIE.AX) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Riedel Resources Limited over the last ten years is 20.84. The current 0.94 Current Ratio has changed 349.30% with respect to the historical average. Over the past ten years (40 quarters), RIE.AX's Current Ratio was at its highest in in the September 2020 quarter at 58.88. The Current Ratio was at its lowest in in the March 2014 quarter at 0.19.

Quarterly (TTM)
Annual

Average

20.84

Median

17.93

Minimum

0.39

Maximum

57.73

Riedel Resources Limited (RIE.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Riedel Resources 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 = 2.60%

Maximum Annual Current Ratio = 57.73

Minimum Annual Increase = -81.57%

Minimum Annual Current Ratio = 0.39

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.94-74.90%
20233.73-81.57%
202220.24-15.58%
202123.97-49.94%
202047.90-17.03%
201957.73269.75%
201815.61-42.76%
201727.27156.25%
201610.642.60%
20150.39106.39%

Riedel Resources Limited (RIE.AX) Average Current Ratio

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

The current Current Ratio of Riedel Resources Limited (RIE.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

8.30

5-year avg

19.36

10-year avg

20.84

Riedel Resources Limited (RIE.AX) Current Ratio vs. Peers

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

Riedel Resources Limited’s Current Ratio is less than Red Mountain Mining Limited (3.18), less than St George Mining Limited (3.13), greater than Rimfire Pacific Mining Limited (0.91), less than Platina Resources Limited (10.58), less than Rox Resources Limited (2.36),

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