Rackla Metals Inc.

Rackla Metals Inc.verified

RMETF

Price:

$0.047

Market Cap:

$12.26M

Rackla Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold and base metals properties. The company holds a 100% interest in the Rivier property, which includes 116 claims covering an area of 2,404 hectares located in the Watson Lake Mining District; and 73.5% interest in the Misisi gold project comprising of three contiguous mining leases, which covers an area of approximately 133 square kilometers situated the Democratic Republic of the Congo. Rackla Metals Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

2012-02-03

Stock Exchange

PNK

Ticker

RMETF

The Current Ratio as of September 2024 (TTM) for Rackla Metals Inc. (RMETF) is 4.57

According to Rackla Metals Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 4.57. This represents a change of 16.19% compared to the average of 3.93 of the last 4 quarters.

Rackla Metals Inc. (RMETF) Historical Current Ratio (quarterly & annually)

How has RMETF Current Ratio performed in the past?

The mean historical Current Ratio of Rackla Metals Inc. over the last ten years is 1.24. The current 4.57 Current Ratio has changed 36.89% with respect to the historical average. Over the past ten years (40 quarters), RMETF's Current Ratio was at its highest in in the March 2022 quarter at 18.72. The Current Ratio was at its lowest in in the December 2019 quarter at 0.06.

Quarterly (TTM)
Annual

Average

1.24

Median

0.68

Minimum

0.06

Maximum

3.54

Rackla Metals Inc. (RMETF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Rackla Metals 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 = 2.88%

Maximum Annual Current Ratio = 3.54

Minimum Annual Increase = -89.45%

Minimum Annual Current Ratio = 0.06

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.30-6.89%
20223.542.88%
20210.12-84.47%
20200.771.12%
20190.06-89.45%
20180.60-46.57%
20171.11306.89%
20160.27-86.37%
20152.01248.78%
20140.58-87.84%

Rackla Metals Inc. (RMETF) Average Current Ratio

How has RMETF Current Ratio performed in the past?

The current Current Ratio of Rackla Metals Inc. (RMETF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.32

5-year avg

1.56

10-year avg

1.24

Rackla Metals Inc. (RMETF) Current Ratio vs. Peers

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

Rackla Metals Inc.’s Current Ratio is less than TRU Precious Metals Corp. (13.41), less than North Peak Resources Ltd. (19.63), greater than Augusta Gold Corp. (0.02), greater than Nine Mile Metals Ltd. (2.03), less than Lavras Gold Corp. (7.38), less than Amani Gold Limited (44.04), less than Robex Resources Inc. (0), greater than Rover Metals Corp. (0.89), greater than Treasury Metals Inc. (0.16), greater than Dynasty Gold Corp. (0.90), less than Getchell Gold Corp. (10.66), less than Puma Exploration Inc. (16.37), greater than Sailfish Royalty Corp. (1.45), less than Endurance Gold Corporation (6.24), less than null (29.91),

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