Resource Mining Corporation Limited

Resource Mining Corporation Limitedverified

RMI.AX

Price:

$0.007

Market Cap:

$4.57M

Resource Mining Corporation Limited engages in mineral exploration activities. The company explores for nickel, lithium, and cobalt deposits. It holds an interest in the Kabulwanyele nickel project comprising two granted licenses covering an area of approximately 20.5 square kilometers located in Tanzania. The company has an option to acquire 100% interest in the Roussakero Nickel, Hirvikallio Lithium, and Kola Lithium projects located in Finland; and the Massive Nickel project consisting of the Kabanga North Nickel, Kapalagula project, and Southern projects located in Tanzania. Resource Mining Corporation Limited was incorporated in 1984 and is based in West Perth, Australia.[Read more]

Industry

Industrial Materials

IPO Date

1999-07-26

Stock Exchange

ASX

Ticker

RMI.AX

The Current Ratio as of January 2025 (TTM) for Resource Mining Corporation Limited (RMI.AX) is 0.52

According to Resource Mining Corporation Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.52. This represents a change of -72.92% compared to the average of 1.93 of the last 4 quarters.

Resource Mining Corporation Limited (RMI.AX) Historical Current Ratio (quarterly & annually)

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

The mean historical Current Ratio of Resource Mining Corporation Limited over the last ten years is 0.26. The current 0.52 Current Ratio has changed 19.82% with respect to the historical average. Over the past ten years (40 quarters), RMI.AX's Current Ratio was at its highest in in the June 2010 quarter at 10.71. The Current Ratio was at its lowest in in the March 2009 quarter at 0.

Quarterly (TTM)
Annual

Average

0.26

Median

0.02

Minimum

0.01

Maximum

1.46

Resource Mining Corporation Limited (RMI.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Resource Mining Corporation 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 = 13.32%

Maximum Annual Current Ratio = 1.46

Minimum Annual Increase = -92.25%

Minimum Annual Current Ratio = 0.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240.5298.43%
20230.26-81.96%
20221.4613.32%
20210.011.03%
20200.01-8.54%
20190.01-14.91%
20180.01-14.01%
20170.02-28.75%
20160.02-92.25%
20150.29-50.51%

Resource Mining Corporation Limited (RMI.AX) Average Current Ratio

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

The current Current Ratio of Resource Mining Corporation Limited (RMI.AX) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.75

5-year avg

0.45

10-year avg

0.26

Resource Mining Corporation Limited (RMI.AX) Current Ratio vs. Peers

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

Resource Mining Corporation Limited’s Current Ratio is less than Rimfire Pacific Mining Limited (0.91), less than Red Metal Limited (7.14), less than Rox Resources Limited (2.36), greater than Reward Minerals Ltd (0.08), less than Redstone Resources Limited (2.32),

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