How to buy Blackham Resources shares

Wiluna Mining Corporation Limited is a gold business based in Australia. Blackham Resources shares (BLK) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Blackham Resources has a trailing 12-month revenue of around $116.1 million.

How to buy shares in Blackham 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 Blackham Resources. Find the share by name or ticker symbol: BLK. 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 Blackham 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 $N/A, 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 Blackham 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.

Blackham Resources share price

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

Blackham Resources shares at a glance

• Key figures

Information last updated 2020-09-25.

52-week range	AUDA$0.007 - AUDA$2.3
50-day moving average	AUDA$1.4992
200-day moving average	AUDA$0.9119
Target price	AUDA$0.25
PE ratio	7.7569
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.043

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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 Blackham 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 Wiluna Mining Corporation Limited by TradingView

Is Blackham Resources under- or over-valued?

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

Blackham Resources's P/E ratio

Blackham 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, Blackham 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.

Blackham Resources financials

Revenue TTM	$116.1 million
Gross profit TTM	$-2,497,000
Return on assets TTM	-13.93%
Return on equity TTM	-40.02%
Profit margin	-33.51%
Book value	2.082
Market capitalisation	$60.4 million

TTM: trailing 12 months

Blackham Resources share dividends

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

Have Blackham Resources's shares ever split?

Blackham Resources's shares were split on a 1:100 basis on 4 June 2020. 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 Blackham Resources shares – just the quantity. However, indirectly, the new 9900% higher share price could have impacted the market appetite for Blackham Resources shares which in turn could have impacted Blackham Resources's share price.

Blackham Resources share price volatility

Over the last 12 months, Blackham Resources's shares have ranged in value from as little as $0.007 up to $2.3. 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 Blackham Resources's is -0.3545. This would suggest that Blackham Resources's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Blackham Resources has bucked the trend.

Blackham Resources overview

Blackham Resources Limited explores for and develops gold properties in Australia. The company holds interest in the Matilda?Wiluna gold operation located in Australia. Blackham Resources Limited is based in West Perth, Australia.

Frequently asked questions

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

  Currently 37.515% of Blackham Resources shares are held by insiders and 7.665% by institutions.

• When does the fiscal year end for Blackham Resources?

  Blackham Resources's fiscal year ends in June.

• Where is Blackham Resources based?

  Blackham Resources's address is: 1 Altona Street, West Perth, WA, Australia, 6005

• What is Blackham Resources's ISIN number?

  Blackham Resources's international securities identification number is: AU000000BLK7