How to buy Astro Resources shares

Astro Resources NL is an other industrial metals & mining business based in Australia. Astro Resources shares (ARO) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Astro Resources has a trailing 12-month revenue of around $283.

How to buy shares in Astro 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 Astro Resources. Find the share by name or ticker symbol: ARO. 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 Astro 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 $0.006, 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 Astro 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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How has coronavirus impacted Astro Resources's share price?

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

Its last market close was $0.006, which is 66.67% up on its pre-crash value of $0.002 and 200.00% up on the lowest point reached during the March crash when the shares fell as low as $0.002.

If you had bought $1,000 worth of Astro Resources shares at the start of February 2020, those shares would have been worth $1,500.00 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 $3,000.00.

Astro Resources share price

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Is it a good time to buy Astro 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.

Astro Resources share dividends

We're not expecting Astro Resources to pay a dividend over the next 12 months.

Have Astro Resources's shares ever split?

Astro Resources's shares were split on a 1:100 basis on 2 December 2014. So if you had owned 100 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Astro Resources shares – just the quantity. However, indirectly, the new 9900% higher share price could have impacted the market appetite for Astro Resources shares which in turn could have impacted Astro Resources's share price.

Astro Resources share price volatility

Over the last 12 months, Astro Resources's shares have ranged in value from as little as $0.001 up to $0.01. 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 Astro Resources's is -0.1201. This would suggest that Astro Resources's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Astro Resources has bucked the trend.

Astro Resources overview

Astro Resources NL explores for and develops mineral resources properties. It primarily explores for mineral sands, diamond, and gold deposits. The company operates through three segments: Heavy Minerals, Diamond Exploration, and Gold Exploration. It holds an interests in the Governor Broome mineral sands project located in the south-west region of Western Australia; and East Kimberley diamond project located in the northeast region of Western Australia. Astro Resources NL was incorporated in 1988 and is based in Sydney, Australia.

Frequently asked questions

• What percentage of Astro Resources is owned by insiders?

  Currently 66.842% of Astro Resources shares are held by insiders.

• When does the fiscal year end for Astro Resources?

  Astro Resources's fiscal year ends in June.

• Where is Astro Resources based?

  Astro Resources's address is: 189 Kent street, Sydney, NSW, Australia, 2000

• What is Astro Resources's ISIN number?

  Astro Resources's international securities identification number is: AU000000ARO8