MGXMF (MGX Minerals) Ending Cash Position: $0.01 Mil (As of Apr. 2021)

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What is MGX Minerals Ending Cash Position?

MGX Minerals MGXMF -95.00% Ending Cash Position is $0.01 Mil as of Apr. 2021.

MGX Minerals's Ending Cash Position for the quarter that ended in Apr. 2021 was $0.01 Mil.

MGX Minerals's quarterly Ending Cash Position declined from Oct. 2020 ($0.08 Mil) to Jan. 2021 ($0.00 Mil) but then increased from Jan. 2021 ($0.00 Mil) to Apr. 2021 ($0.01 Mil).

MGX Minerals's annual Ending Cash Position declined from Jul. 2018 ($5.04 Mil) to Jul. 2019 ($0.12 Mil) but then increased from Jul. 2019 ($0.12 Mil) to Jul. 2020 ($0.46 Mil).

MGX Minerals Ending Cash Position Related Terms

MGX Minerals Ending Cash Position Historical Data

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The historical data trend for MGX Minerals's Ending Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MGX Minerals Ending Cash Position Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Ending Cash Position
Get a 7-Day Free Trial Premium Member Only 0.02 2.28 5.04 0.12 0.46

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
Ending Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.46 0.08 0.00 0.01

MGX Minerals Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

MGX Minerals's Ending Cash Position for the fiscal year that ended in Jul. 2020 is calculated as

Ending Cash Position= Beginning Cash Position+Net Change in Cash
=0.117+0.346
=0.46

MGX Minerals's Ending Cash Position for the quarter that ended in Apr. 2021 is calculated as

Ending Cash Position=Beginning Cash Position+Net Change in Cash
=0.004+0.006
=0.01

Frequently Asked Questions Learn more about Ending Cash Position →
What does a Ending Cash Position of $0.01 Mil mean?
MGX Minerals (MGXMF) has a Ending Cash Position of $0.01 Mil as of Apr. 2021. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on MGX Minerals and its competitors.
Is MGX Minerals' Ending Cash Position too high?
MGX Minerals' current Ending Cash Position is $0.01 Mil.
How does MGX Minerals' Ending Cash Position compare to competitors?
MGX Minerals' Ending Cash Position of $0.01 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Ending Cash Position for a Metals & Mining company?
A good Ending Cash Position depends on the Metals & Mining industry context. However, Ending Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Ending Cash Position mean?
A high Ending Cash Position can signal that a stock is expensive relative to its fundamentals. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on MGX Minerals and its competitors. MGX Minerals's current Ending Cash Position is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current Ending Cash Position of $0.01 Mil. The current Ending Cash Position is $0.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Ending Cash Position calculated?
Ending Cash Position is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Ending Cash Position is $0.01 Mil as of Apr. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.