How to buy Alkane Resources shares | A$1.39

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 listed in Australian Dollars. Its last market close was $1.39 – an increase of 20.87% over the previous week. Alkane Resources has a trailing 12-month revenue of around $72.5 million.

How to buy shares in Alkane Resources

1. 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.
2. 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.
3. 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.
4. 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.
5. Decide on how many to buy. At today's price of $1.39, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. 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.

How has coronavirus impacted Alkane Resources's share price?

Since the stock market crash in March caused by coronavirus, Alkane Resources's share price has had significant positive movement.

Its last market close was $1.39, which is 25.18% up on its pre-crash value of $1.04 and 198.92% up on the lowest point reached during the March crash when the shares fell as low as $0.465.

If you had bought $1,000 worth of Alkane Resources shares at the start of February 2020, those shares would have been worth $703.70 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,716.05.

Alkane Resources share price

Use our graph to track the performance of ALK stocks over time.

Alkane Resources shares at a glance

• Key figures

Information last updated 2020-09-14.

Latest market close	AUDA$1.39
52-week range	AUDA$0.465 - AUDA$1.33
50-day moving average	AUDA$1.1471
200-day moving average	AUDA$0.9434
Target price	AUDA$0.67
PE ratio	48.6628
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.023

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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.

Technical Analysis of Alkane Resources Limited by TradingView

Alkane Resources price performance over time

Historical closes compared with the last close of A$1.39

1 week (2020-09-10)	15.83%
1 month (2020-08-20)	25.23%
3 months (2020-06-19)	49.46%
6 months (2020-03-20)	150.45%

1 year (2019-09-20)	78.21%
2 years (2018-09-20)	434.62%
3 years (2017-09-20)	270.67%
5 years (2015-09-18)	445.10%

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 49x. In other words, Alkane Resources shares trade at around 49x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Alkane Resources's EBITDA

Alkane Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $29.2 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	$72.5 million
Operating margin TTM	27.06%
Gross profit TTM	$30.6 million
Return on assets TTM	4.26%
Return on equity TTM	5.55%
Profit margin	17.59%
Book value	0.461
Market capitalisation	$732.2 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 $0.465 up to $1.33. 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 0.9747. 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 deposits located in the Central West of New South Wales. Its exploration projects comprise the Northern Molong Porphyry Project, Cudal, Peak Hill, Wellington, Elsienora, Rockley, and other projects. The company is headquartered in Burswood, Australia.

Frequently asked questions

• What percentage of Alkane Resources is owned by insiders or institutions?

  Currently 30.054% of Alkane Resources shares are held by insiders and 1.329% by institutions.

• When does the fiscal year end for Alkane Resources?

  Alkane Resources's fiscal year ends in June.

• Where is Alkane Resources based?

  Alkane Resources's address is: 89 Burswood Road, Burswood, WA, Australia, 6100

• What is Alkane Resources's ISIN number?

  Alkane Resources's international securities identification number is: AU000000ALK9