How to buy Argo Exploration shares | A$0.014

Argo Exploration Limited is an oil & gas e&p business based in Australia. Argo Exploration shares (AXT) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.014 – the same closing value as a week prior. and has a market cap (total outstanding shares value) of $2.6 million.

How to buy shares in Argo Exploration

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 Argo Exploration. Find the share by name or ticker symbol: AXT. 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 Argo Exploration 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 $0.014, 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 Argo Exploration. 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 Argo Exploration's share price?

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

Its last market close was $0.014, which is 0.00% up on its pre-crash value of $0.014 and 0.00% up on the lowest point reached during the March crash when the shares fell as low as $0.014.

If you had bought $1,000 worth of Argo Exploration shares at the start of February 2020, those shares would have been worth $1,000.00 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 $1,000.00.

Argo Exploration share price

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

Argo Exploration shares at a glance

• Key figures

Information last updated 2020-09-15.

Latest market close	AUDA$0.014
52-week range	AUDA$0.012 - AUDA$0.016
50-day moving average	AUDA$0.014
200-day moving average	AUDA$0.014
Target price	N/A
PE ratio	35
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.0006

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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 Argo Exploration 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 Argo Exploration Limited by TradingView

Argo Exploration price performance over time

Historical closes compared with the last close of A$0.014

1 week (2020-09-14)	0.014
1 month (2020-08-21)	0.014
3 months (2020-06-19)	0.014
6 months (2020-03-20)	0.014

1 year (2019-09-18)	N/A
2 years (2018-09-18)	N/A
3 years (2017-09-18)	-53.33%
5 years (2015-09-21)	-44.00%

Is Argo Exploration under- or over-valued?

Valuing Argo Exploration stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Argo Exploration's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Argo Exploration's P/E ratio

Argo Exploration's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, Argo Exploration shares trade at around 35x 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.

Argo Exploration financials

Operating margin TTM	144.59%
Gross profit TTM	$0
Return on assets TTM	-7.69%
Return on equity TTM	-7.78%
Profit margin	0%
Book value	0.008
Market capitalisation	$2.6 million

TTM: trailing 12 months

Argo Exploration share dividends

We're not expecting Argo Exploration to pay a dividend over the next 12 months.

Argo Exploration share price volatility

Over the last 12 months, Argo Exploration's shares have ranged in value from as little as $0.012 up to $0.016. 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 Argo Exploration's is 0.353. This would suggest that Argo Exploration's shares are less volatile than average (for this exchange).

Argo Exploration overview

Argo Exploration Limited engages in exploration and development of resource properties. It primarily explores for base precious metals, including copper, gold, and uranium ores. The company was incorporated in 2006 and is based in South Melbourne, Australia.

Frequently asked questions

• What percentage of Argo Exploration is owned by insiders?

  Currently 54.524% of Argo Exploration shares are held by insiders.

• When does the fiscal year end for Argo Exploration?

  Argo Exploration's fiscal year ends in June.

• Where is Argo Exploration based?

  Argo Exploration's address is: 100 Albert Road, South Melbourne, VIC, Australia, 3205

• What is Argo Exploration's ISIN number?

  Argo Exploration's international securities identification number is: AU000000AXT5