How to buy Cannindah Resources shares | A$0.024

Cannindah Resources Limited is a copper business based in Australia. Cannindah Resources shares (CAE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.024 – an increase of 4.35% over the previous week. Cannindah Resources has a trailing 12-month revenue of around $11,497.

How to buy shares in Cannindah 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 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.
4. 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.
5. Decide on how many to buy. At today's price of $0.024, 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 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.

How has coronavirus impacted Cannindah Resources's share price?

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

Its last market close was $0.024, which is 58.33% up on its pre-crash value of $0.01 and 200.00% up on the lowest point reached during the March crash when the shares fell as low as $0.008.

If you had bought $1,000 worth of Cannindah Resources shares at the start of February 2020, those shares would have been worth $800.00 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 $2,400.00.

Cannindah Resources share price

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

Cannindah Resources shares at a glance

• Key figures

Information last updated 2020-09-23.

Latest market close	AUDA$0.024
52-week range	AUDA$0.005 - AUDA$0.024
50-day moving average	AUDA$0.0199
200-day moving average	AUDA$0.0128
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.011

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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 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.

Technical Analysis of Cannindah Resources Limited by TradingView

Cannindah Resources price performance over time

Historical closes compared with the close of A$0.024 on 2020-09-29

1 week (2020-09-24)	0%
1 month (2020-09-01)	-7.69%
3 months (2020-07-01)	60.00%
6 months (2020-04-01)	200.00%

1 year (2019-10-01)	60.00%
2 years (2018-09-27)	N/A
3 years (2017-09-29)	-22.58%
5 years (2015-09-27)	N/A

Cannindah Resources financials

Revenue TTM	$11,497
Gross profit TTM	$12,954
Return on assets TTM	-6.73%
Return on equity TTM	-2641.34%
Profit margin	0%
Book value	0.001
Market capitalisation	$5.8 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 $0.005 up to $0.024. 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 -0.1337. 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. Its flagship project is the Mount Cannindah copper-gold 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.

Frequently asked questions

• What percentage of Cannindah Resources is owned by insiders?

  Currently 71.358% of Cannindah Resources shares are held by insiders.

• When does the fiscal year end for Cannindah Resources?

  Cannindah Resources's fiscal year ends in June.

• Where is Cannindah Resources based?

  Cannindah Resources's address is: 50 Marine Parade, Southport, QLD, Australia, 4215

• What is Cannindah Resources's ISIN number?

  Cannindah Resources's international securities identification number is: AU000000CAE1