How to buy Danakali (DNK) shares in Australia
Learn how to easily invest in Danakali shares.
Danakali is an agricultural inputs business based in Australia. Danakali shares (DNK) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Danakali has a market cap (total outstanding shares value) of $154.7 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Danakali
- 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 Danakali . Find the share by name or ticker symbol: DNK. 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 Danakali 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 Danakali . 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?
Danakali stock price (ASX:DNK)Use our graph to track the performance of DNK stocks over time.
Danakali shares at a glance
|52-week range||$0.32 - $0.44|
|50-day moving average||$0.41|
|200-day moving average||$0.4114|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$-0.01|
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Is it a good time to buy Danakali 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.
Danakali price performance over time
|1 week (2023-11-24)||0.41|
|1 month (2023-11-02)||0.41|
|3 months (2023-09-01)||0.41|
|6 months (2023-06-02)||0.41|
|1 year (2022-12-02)||15.49%|
|2 years (2021-12-02)||-1.20%|
|3 years (2020-12-02)||15.49%|
|5 years (2018-11-30)||-45.70%|
Is Danakali under- or over-valued?
Valuing Danakali stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Danakali 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Danakali 's P/E ratio
Danakali 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Danakali shares trade at around 1x 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.
|Gross profit TTM||$89,484|
|Return on assets TTM||-2.12%|
|Return on equity TTM||-2.35%|
|Market capitalisation||$154.7 million|
TTM: trailing 12 months
Danakali share dividends
We're not expecting Danakali to pay a dividend over the next 12 months.
Have Danakali 's shares ever split?
Danakali 's shares were split on a 1.0084:1 basis on 1 December 2009. So if you had owned 1 share the day before the split, the next day you would own 1.0084 shares. This wouldn't directly have changed the overall worth of your Danakali shares – just the quantity. However, indirectly, the new 0.8% lower share price could have impacted the market appetite for Danakali shares which in turn could have impacted Danakali 's share price.
Danakali share price volatility
Over the last 12 months, Danakali 's shares have ranged in value from as little as $0.32 up to $0.44. 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 Danakali 's is 0.782. This would suggest that Danakali 's shares are less volatile than average (for this exchange).
Danakali Limited, together with its subsidiaries, engages in the exploration of minerals in Eritrea, East Africa. The company focuses on the development of the Colluli potash project located in the Danakil Depression region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited was incorporated in 2001 and is based in North Perth, Australia.
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