How to buy Cannindah Resources (CAE) shares
Learn how to easily invest in Cannindah Resources shares.
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Cannindah Resources Limited is an other precious metals & mining business based in Australia. Cannindah Resources shares (CAE) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Cannindah Resources has a trailing 12-month revenue of around $67,012. If you're looking to buy shares, check out the steps below.
How to buy shares in Cannindah 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 Cannindah Resources. Find the share by name or ticker symbol: CAE. 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 Cannindah 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 Cannindah 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.
What's in this guide?
- Cannindah Resources key stats
- Compare share trading platforms
- Is Cannindah Resources stock a buy or sell?
- Cannindah Resources performance over time
- Are Cannindah Resources shares over-valued?
- Cannindah Resources's financials
- How volatile are Cannindah Resources shares?
- Does Cannindah Resources pay a dividend?
- Have Cannindah Resources shares ever split?
- Other common questions
Cannindah Resources stock price (ASX:CAE)Use our graph to track the performance of CAE stocks over time.
Cannindah Resources shares at a glance
|52-week range||$0.024 - $0.24|
|50-day moving average||$0.1379|
|200-day moving average||$0.0804|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.013|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Cannindah 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.
Cannindah Resources price performance over time
|1 week (2021-10-20)||17.78%|
|1 month (2021-09-28)||89.29%|
|3 months (2021-07-28)||349.15%|
|6 months (2021-04-28)||289.71%|
|1 year (2020-10-27)||960.00%|
|2 years (2019-10-25)||1,666.67%|
|3 years (2018-10-25)||579.49%|
Is Cannindah Resources under- or over-valued?
Valuing Cannindah Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cannindah Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cannindah Resources's P/E ratio
Cannindah 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 18x. In other words, Cannindah Resources shares trade at around 18x 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.
Cannindah Resources's EBITDA
Cannindah Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $86,448 (£47,214).
The EBITDA is a measure of a Cannindah Resources's overall financial performance and is widely used to measure a its profitability.
Cannindah Resources financials
|Gross profit TTM||$67,012|
|Return on assets TTM||-5.35%|
|Return on equity TTM||121.53%|
|Market capitalisation||$121.9 million|
TTM: trailing 12 months
Cannindah Resources share dividends
We're not expecting Cannindah Resources to pay a dividend over the next 12 months.
Have Cannindah Resources's shares ever split?
Cannindah Resources's shares were split on a 1:10 basis on 6 September 2009. So if you had owned 10 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 Cannindah Resources shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Cannindah Resources shares which in turn could have impacted Cannindah Resources's share price.
Cannindah Resources share price volatility
Over the last 12 months, Cannindah Resources's shares have ranged in value from as little as $0.024 up to $0.24. 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 Cannindah Resources's is -0.058. This would suggest that Cannindah Resources's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Cannindah Resources has bucked the trend.
Cannindah Resources overview
Cannindah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral projects in Australia. The company explores for gold and copper deposits. Its flagship project is the Mount Cannindah project located in Queensland. The company was formerly known as Planet Metals Limited and changed its name to Cannindah Resources Limited in December 2014. Cannindah Resources Limited was incorporated in 2004 and is based in Southport, Australia.
Stocks similar to Cannindah Resources
Cannindah Resources in the news
Outstanding Mt Cannindah Drilling Returns 282m @ 1.28% Copper Equivalent
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