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Alkane Resources Limited is a gold business based in Australia. Alkane Resources shares (ALK) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Alkane Resources has a trailing 12-month revenue of around $127.8 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Alkane Resources
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Alkane Resources. Find the share by name or ticker symbol: ALK. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Alkane Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Alkane Resources. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
- Alkane Resources key stats
- Compare share trading platforms
- Is Alkane Resources stock a buy or sell?
- Alkane Resources performance over time
- Are Alkane Resources shares over-valued?
- Alkane Resources's financials
- How volatile are Alkane Resources shares?
- Does Alkane Resources pay a dividend?
- Have Alkane Resources shares ever split?
- Other common questions
Alkane Resources stock price (ASX:ALK)
Use our graph to track the performance of ALK stocks over time.Alkane Resources shares at a glance
Information last updated 2021-09-17.
| 52-week range | $0.655 - $1.53 |
|---|---|
| 50-day moving average | $0.9764 |
| 200-day moving average | $0.9167 |
| Target price | $0.67 |
| PE ratio | 8.2796 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $0.093 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Is it a good time to buy Alkane Resources stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Alkane Resources price performance over time
Historical closes compared with the last close of A$0.755
| 1 week (2021-09-14) | -5.63% |
|---|---|
| 1 month (2021-08-20) | -20.53% |
| 3 months (2021-06-21) | -25.62% |
| 6 months (2021-03-19) | 1.34% |
| 1 year (2020-09-21) | -49.67% |
|---|---|
| 2 years (2019-09-20) | -3.21% |
| 3 years (2018-09-21) | 214.58% |
| 5 years (2016-09-21) | 88.75% |
Is Alkane Resources under- or over-valued?
Valuing Alkane Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Alkane Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Alkane Resources's P/E ratio
Alkane Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Alkane Resources shares trade at around 8x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Alkane Resources's EBITDA
Alkane Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $72.5 million (£0.0 million).
The EBITDA is a measure of a Alkane Resources's overall financial performance and is widely used to measure a its profitability.
Alkane Resources financials
| Revenue TTM | $127.8 million |
|---|---|
| Operating margin TTM | 38.54% |
| Gross profit TTM | $61.3 million |
| Return on assets TTM | 10.92% |
| Return on equity TTM | 14.63% |
| Profit margin | 43.57% |
| Book value | 0.322 |
| Market capitalisation | $458.4 million |
TTM: trailing 12 months
Alkane Resources share dividends
We're not expecting Alkane Resources to pay a dividend over the next 12 months.
Have Alkane Resources's shares ever split?
Alkane Resources's shares were split on 20 November 2007.
Alkane Resources share price volatility
Over the last 12 months, Alkane Resources's shares have ranged in value from as little as $0.655 up to $1.53. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Alkane Resources's is 0.3786. This would suggest that Alkane Resources's shares are less volatile than average (for this exchange).
Alkane Resources overview
Alkane Resources Limited operates as a multi-commodity exploration and development company in Australia. It explores for gold, copper, zinc, titanium, nickel, cobalt, and rare earth elements. The company owns an interest in the Tomingley Gold project that consists of four gold deposits; and the Northern Molong Porphyry Project, which covers an area of 115 square kilometers located in the Central West of New South Wales. Its exploration projects comprise Boda and Kaiser, Cudal, Peak Hill, Wellington, Elsienora, Rockley, and other projects. The company also invests in junior gold mining companies and projects. Alkane Resources Limited was incorporated in 1969 and is headquartered in West Perth, Australia.
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Alkane Resources in the news
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Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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