How to buy Carnaby Resources (CNB) shares
Learn how to easily invest in Carnaby Resources shares.
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Carnaby Resources 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 Dollar. Carnaby Resources has a trailing 12-month revenue of around $4.4 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Carnaby Resources
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- 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.
- 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. Look into dollar-cost averaging to spread out your risk, 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 on your investment. Congratulations, you own a part of Carnaby Resources. Optimise your portfolio by tracking how your stock and 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 affect your stock.
What's in this guide?
- Carnaby Resources key stats
- Compare share trading platforms
- Is Carnaby Resources stock a buy or sell?
- Carnaby Resources performance over time
- Are Carnaby Resources shares over-valued?
- Carnaby Resources's financials
- How volatile are Carnaby Resources shares?
- Does Carnaby Resources pay a dividend?
- Have Carnaby Resources shares ever split?
- Other common questions
Carnaby Resources stock price (ASX:CNB)Use our graph to track the performance of CNB stocks over time.
Carnaby Resources shares at a glance
|52-week range||$0.21 - $1.845|
|50-day moving average||$0.7278|
|200-day moving average||$0.437|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.003|
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 Carnaby Resources stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.
Carnaby Resources price performance over time
|1 week (2022-01-21)||-10.09%|
|1 month (2021-12-24)||93.88%|
|3 months (2021-10-28)||383.05%|
|6 months (2021-07-28)||345.31%|
|1 year (2021-01-28)||418.18%|
|2 years (2020-01-28)||1,879.17%|
|3 years (2019-01-24)||1,750.65%|
|5 years (2017-01-24)||612.50%|
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 528x. In other words, Carnaby Resources shares trade at around 528x 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 $364,397 (£190,321).
The EBITDA is a measure of a Carnaby Resources's overall financial performance and is widely used to measure a its profitability.
Carnaby Resources financials
|Revenue TTM||$4.4 million|
|Operating margin TTM||8.11%|
|Gross profit TTM||$4.4 million|
|Return on assets TTM||2.51%|
|Return on equity TTM||4.76%|
|Market capitalisation||$198.4 million|
TTM: trailing 12 months
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 $0.21 up to $1.845. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Carnaby Resources's is 3.0222. This would suggest that Carnaby Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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. It holds interests in the Pilbara Gold Projects covering an area of approximately 442 square kilometers located in the Mallina Basin; Greater Duchess Copper-Gold Projects covering an area of approximately 323 square kilometers located in Mount Isa Inlier, Queensland; and the Yilgarn Margin Copper-Gold Projects located in Western Australia. 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.
Stocks similar to Carnaby Resources
Carnaby Resources in the news
Carnaby Resources : Application for quotation of securities - CNB
Carnaby Resources : Strong Drill Results at Nil Desperandum - 60m @ 0.9% Copper
Carnaby Resources : Appendix 3Y - Change of Director's Interest Notices
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