Visible Gold Mines Inc.

Visible Gold Mines Inc.verified

VGD.V

Price:

$0.07

Market Cap:

$2.57M

Visible Gold Mines Inc. acquires and explores for gold mineral deposits in Canada. The company holds a 100% interest in the Cadillac project comprising 145 mining claims covering approximately 5,000 hectares located in west of Rouyn-Noranda, Québec; the Piko property covering 26 mining claims situated in Abitibi-Témiscamingue in Québec; and the Veronik gold property that consists of 78 mining claims located in southeast of Hecla's Casa Berardi gold mine. In addition, it holds interest in the Horsefly Property with 175 mining claims covering an area of 6,050 hectares located in the Druillettes and Gradis townships; the Doda project that consists of 25 mining claims covering an area of approxi...[Read more]

Industry

Gold

IPO Date

2007-10-25

Stock Exchange

TSXV

Ticker

VGD.V

The Current Ratio as of September 2024 (TTM) for Visible Gold Mines Inc. (VGD.V) is 0.12

According to Visible Gold Mines Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of -64.27% compared to the average of 0.32 of the last 4 quarters.

Visible Gold Mines Inc. (VGD.V) Historical Current Ratio (quarterly & annually)

How has VGD.V Current Ratio performed in the past?

The mean historical Current Ratio of Visible Gold Mines Inc. over the last ten years is 4.26. The current 0.12 Current Ratio has changed 172.31% with respect to the historical average. Over the past ten years (40 quarters), VGD.V's Current Ratio was at its highest in in the January 2016 quarter at 14.53. The Current Ratio was at its lowest in in the January 2020 quarter at 0.07.

Quarterly (TTM)
Annual

Average

4.26

Median

3.53

Minimum

0.08

Maximum

12.10

Visible Gold Mines Inc. (VGD.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Visible Gold Mines 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 = 9.94%

Maximum Annual Current Ratio = 12.10

Minimum Annual Increase = -95.23%

Minimum Annual Current Ratio = 0.08

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.51-67.47%
20221.57-80.23%
20217.969.94%
20200.08-60.36%
20190.20-25.35%
20180.27-95.23%
20175.61-36.31%
20168.8160.45%
20155.49-54.59%
201412.10-58.59%

Visible Gold Mines Inc. (VGD.V) Average Current Ratio

How has VGD.V Current Ratio performed in the past?

The current Current Ratio of Visible Gold Mines Inc. (VGD.V) 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

3.35

5-year avg

2.07

10-year avg

4.26

Visible Gold Mines Inc. (VGD.V) Current Ratio vs. Peers

How is VGD.V’s Current Ratio compared to its peers?

Visible Gold Mines Inc.’s Current Ratio is less than Plato Gold Corp. (0), less than MAS Gold Corp. (0), greater than null (0.04), less than null (0.34), less than null (0),

CompanyCurrent RatioMarket cap
0$5.31M
0$4.99M
0.04$0
0.34$0
0$0

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