Ridgestone Mining Inc.

Ridgestone Mining Inc.verified

RIGMF

Price:

$0.05395

Market Cap:

$1.15M

Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico. It explores for gold, silver, copper, and other base metals. The company holds a 100% interest in the Rebeico Gold-Copper project that consists of 16 concessions covering an area of approximately 3,459 hectares located in Sonora, Mexico. It also has an option to acquire a 100% interest in the Guadalupe y Calvo project located in Chihuahua State, Mexico. The company was incorporated in 2017 and is based in North Vancouver, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2018-10-19

Stock Exchange

PNK

Ticker

RIGMF

The Current Ratio as of November 2024 (TTM) for Ridgestone Mining Inc. (RIGMF) is 0.45

According to Ridgestone Mining Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.45. This represents a change of -2.70% compared to the average of 0.46 of the last 4 quarters.

Ridgestone Mining Inc. (RIGMF) Historical Current Ratio (quarterly & annually)

How has RIGMF Current Ratio performed in the past?

The mean historical Current Ratio of Ridgestone Mining Inc. over the last ten years is 12.72. The current 0.45 Current Ratio has changed 253.30% with respect to the historical average. Over the past ten years (40 quarters), RIGMF's Current Ratio was at its highest in in the December 2017 quarter at 81.99. The Current Ratio was at its lowest in in the June 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

12.72

Median

0.76

Minimum

0.15

Maximum

81.99

Ridgestone Mining Inc. (RIGMF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ridgestone Mining 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 = 1.13%

Maximum Annual Current Ratio = 81.99

Minimum Annual Increase = -96.02%

Minimum Annual Current Ratio = 0.15

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.76137.88%
20220.32-82.32%
20211.821.13%
20200.15-79.76%
20190.73-77.68%
20183.26-96.02%

Ridgestone Mining Inc. (RIGMF) Average Current Ratio

How has RIGMF Current Ratio performed in the past?

The current Current Ratio of Ridgestone Mining Inc. (RIGMF) 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

0.97

5-year avg

0.76

10-year avg

12.72

Ridgestone Mining Inc. (RIGMF) Current Ratio vs. Peers

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

Ridgestone Mining Inc.’s Current Ratio is less than ZincX Resources Corp. (0.49), less than Strategic Resources Inc. (1.13), greater than Nuinsco Resources Limited (0.13), less than Québec Nickel Corp. (9.54), less than South Star Battery Metals Corp. (1.35), less than Nickel Creek Platinum Corp. (2.33), greater than Focus Graphite Inc. (0.09), less than Jervois Global Limited (1.33), less than Altius Minerals Corporation (8.36), greater than Gratomic Inc. (0.01), less than Vale S.A. (0.91), less than Rio Tinto Group (1.70), greater than Stans Energy Corp. (0.01), less than Lion Copper and Gold Corp. (110.14), less than FPX Nickel Corp. (15.54), less than United Lithium Corp. (8.07), greater than Zinc One Resources Inc. (0.02), less than Skyharbour Resources Ltd. (4.38), less than null (0),

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