Tectonic Metals Inc.

Tectonic Metals Inc.verified

TETOF

Price:

$0.044

Market Cap:

$21.64M

Tectonic Metals Inc. engages in the identification, acquisition, and exploration of mineral properties in the United States and Canada. The company primarily explores for gold deposits. The company was incorporated in 2017 and is headquartered in Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

2020-04-14

Stock Exchange

PNK

Ticker

TETOF

The Current Ratio as of September 2024 (TTM) for Tectonic Metals Inc. (TETOF) is 3.54

According to Tectonic Metals Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.54. This represents a change of -16.97% compared to the average of 4.26 of the last 4 quarters.

Tectonic Metals Inc. (TETOF) Historical Current Ratio (quarterly & annually)

How has TETOF Current Ratio performed in the past?

The mean historical Current Ratio of Tectonic Metals Inc. over the last ten years is 7.48. The current 3.54 Current Ratio has changed 4.63% with respect to the historical average. Over the past ten years (40 quarters), TETOF's Current Ratio was at its highest in in the June 2020 quarter at 29.52. The Current Ratio was at its lowest in in the March 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

7.48

Median

3.86

Minimum

2.34

Maximum

19.20

Tectonic Metals Inc. (TETOF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tectonic 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 = 720.34%

Maximum Annual Current Ratio = 19.20

Minimum Annual Increase = -79.91%

Minimum Annual Current Ratio = 2.34

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.67-44.44%
20226.6086.19%
20213.55-73.06%
202013.16241.02%
20193.86-79.91%
201819.20720.34%

Tectonic Metals Inc. (TETOF) Average Current Ratio

How has TETOF Current Ratio performed in the past?

The current Current Ratio of Tectonic Metals Inc. (TETOF) 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

4.60

5-year avg

6.17

10-year avg

7.48

Tectonic Metals Inc. (TETOF) Current Ratio vs. Peers

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

Tectonic Metals Inc.’s Current Ratio is greater than Red Pine Exploration Inc. (2.43), greater than Grande Portage Resources Ltd. (1.38), greater than Puma Exploration Inc. (1.45), less than Aurion Resources Ltd. (4.81), less than Endurance Gold Corporation (29.91), less than Altamira Gold Corp. (9.32), greater than Sixty North Gold Mining Ltd. (0.35), greater than White Gold Corp. (2.55),

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