How to buy Carnaby Resources (CNB) shares

Carnaby Resources Limited is an other precious metals & mining business based in Australia. Carnaby Resources shares (CNB) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Carnaby Resources has a trailing 12-month revenue of around $4 million. If you're looking to buy shares, check out the steps below.

How to buy shares in Carnaby 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 Carnaby Resources. Find the share by name or ticker symbol: CNB. 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 Carnaby 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, 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 Carnaby 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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Carnaby Resources stock price (ASX:CNB)

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IG Share Trading Finder Award		AUD $8 or 0.1%	$50 per quarter if you make fewer than three trades in that period	ASX shares, Global shares	$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares. Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.	Go to site More Info	Compare	loading Fetching your data...
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Is it a good time to buy Carnaby 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.

Is Carnaby Resources under- or over-valued?

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

Carnaby Resources's P/E ratio

Carnaby 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 35x. In other words, Carnaby Resources 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.

Carnaby Resources's EBITDA

Carnaby Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.2 million.

The EBITDA is a measure of a Carnaby Resources's overall financial performance and is widely used to measure a its profitability.

Carnaby Resources share dividends

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

Have Carnaby Resources's shares ever split?

Carnaby Resources's shares were split on 12 March 2008.

Carnaby Resources share price volatility

Over the last 12 months, Carnaby Resources's shares have ranged in value from as little as $0.132 up to $0.595. 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 Carnaby Resources's is 1.1429. This would suggest that Carnaby Resources's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Carnaby Resources overview

Carnaby Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Tick Hill gold project located in the Mount Isa Inlier of Queensland. The company was formerly known as Berkut Minerals Limited and changed its name to Carnaby Resources Limited. Carnaby Resources Limited was incorporated in 2016 and is based in Subiaco, Australia.

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Frequently asked questions

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

  Currently 23.017% of Carnaby Resources shares are held by insiders and 0.415% by institutions.

• When does the fiscal year end for Carnaby Resources?

  Carnaby Resources's fiscal year ends in June.

• Where is Carnaby Resources based?

  Carnaby Resources's address is: 78 Churchill Avenue, Subiaco, WA, Australia, 6008

• What is Carnaby Resources's ISIN number?

  Carnaby Resources's international securities identification number is: AU0000046203