Pure Energy MineralsPEMIF -2.60%28 Quick Ratio is 2.83 as of Mar. 2026, which is 10% above its 10-year median of 2.57. GuruFocus rates PEMIF with a GF Score™ of 28/100 and a GF Value™ of $0.19 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,638 Metals & Mining companies, Pure Energy Minerals ranks better than 54.7% on this metric.
Pure Energy Minerals has a quick ratio of 2.83. It generally indicates good short-term financial strength.
The historical rank and industry rank for Pure Energy Minerals's Quick Ratio or its related term are showing as below:
PEMIF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 2.57 Max: 10.5
Current: 2.83
During the past 13 years, Pure Energy Minerals's highest Quick Ratio was 10.50. The lowest was 0.04. And the median was 2.57.
PEMIF's Quick Ratio is ranked better than 54.7% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs PEMIF: 2.83
Pure Energy Minerals (OTCPK:PEMIF) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Pure Energy Minerals Quick Ratio Related Terms
Pure Energy Minerals Quick Ratio Historical Data
* Premium members only.
The historical data trend for Pure Energy Minerals's Quick Ratio 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.
Pure Energy Minerals Quick Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Pure Energy Minerals's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pure Energy Minerals Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pure Energy Minerals's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Pure Energy Minerals's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Pure Energy Minerals's Quick Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Pure Energy Minerals (PEMIF) has a Quick Ratio of 2.83 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Pure Energy Minerals and its competitors. This is 10% above median its historical median of 2.57. Over the past decade, Pure Energy Minerals' Quick Ratio has ranged from 0.04 to 10.50. According to the industry distribution chart, Pure Energy Minerals ranks #1195 out of 2638 companies in the Metals & Mining industry, placing it in the top 45.3%.
Is Pure Energy Minerals' Quick Ratio too high?
Pure Energy Minerals' current Quick Ratio of 2.83 is 10% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 10.50. The Metals & Mining industry median Quick Ratio is 2.32. Pure Energy Minerals' value of 2.83 is 22% above this industry median. Based on the distribution chart, Pure Energy Minerals ranks #1195 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Pure Energy Minerals has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Energy Minerals' Quick Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Pure Energy Minerals ranks #1195 out of 2638 companies for Quick Ratio. This puts Pure Energy Minerals in the upper half of its industry. The industry median Quick Ratio is 2.32. Pure Energy Minerals' value of 2.83 is 22% above this benchmark. Historically, Pure Energy Minerals' own Quick Ratio has ranged from 0.04 to 10.50 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 2.32, Pure Energy Minerals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pure Energy Minerals's current Quick Ratio of 2.83 is 22% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Pure Energy Minerals and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Energy Minerals's current Quick Ratio is 2.83, which is 10% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Energy Minerals stock overvalued right now?
Based on GuruFocus' analysis, Pure Energy Minerals (PEMIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.19, compared to a current price of $0.15 — trading 21.1% below its estimated fair value. The current Quick Ratio is 2.83, which is 10% above median its 10-year median of 2.57 and 22% above the Metals & Mining industry median of 2.32. Pure Energy Minerals' overall GF Score™ is 28/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Pure Energy Minerals (PEMIF), the current Quick Ratio is 2.83 as of Mar. 2026. 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.
Is Pure Energy Minerals (PEMIF) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Energy Minerals stock appears to be undervalued.
The current stock price of $0.15 is trading 21.1% below its estimated GF Value™ of $0.19.
GuruFocus considers Pure Energy Minerals to be Modestly Undervalued.
Key valuation signals for PEMIF:
Quick Ratio: 2.83 (10% above median its 10-year median of 2.57)
GF Value™: $0.19 vs. price of $0.15 (21.1% below fair value)
Industry Position: 22% above the Metals & Mining median (#1195 of 2638)
No single metric tells the full story. See the PEMIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Energy Minerals Ltd engages in the acquisition, exploration, and development of mineral properties. The company's flagship lithium brine project, the Clayton Valley Project is located in Clayton Valley, Nevada, United States. It is also engaged in developing new processing technologies for lithium through a collaboration with another firm. Geographically, the company operates in Canada and the United States of America.
28GF Score
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