How to buy Diatreme Resources (DRX) shares in Australia
Learn how to easily invest in Diatreme Resources shares.
Diatreme Resources is an other industrial metals & mining business based in Australia. Diatreme Resources shares (DRX) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Diatreme Resources has a trailing 12-month revenue of around $309,687. If you're looking to buy shares, check out the steps below.
How to buy shares in Diatreme 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 Diatreme Resources . Find the share by name or ticker symbol: DRX. 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 Diatreme 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 Diatreme 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?
- Diatreme Resources key stats
- Compare share trading platforms
- Is Diatreme Resources stock a buy or sell?
- Diatreme Resources performance over time
- Are Diatreme Resources shares over-valued?
- Diatreme Resources 's financials
- How volatile are Diatreme Resources shares?
- Does Diatreme Resources pay a dividend?
- Have Diatreme Resources shares ever split?
- Other common questions
Diatreme Resources stock price (ASX:DRX)Use our graph to track the performance of DRX stocks over time.
Diatreme Resources shares at a glance
|52-week range||$0.02 - $0.033|
|50-day moving average||$0.0231|
|200-day moving average||$0.0244|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$0|
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Is it a good time to buy Diatreme 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.
Diatreme Resources price performance over time
|1 week (2023-11-29)||4.17%|
|1 month (2023-11-07)||8.70%|
|3 months (2023-09-07)||19.05%|
|6 months (2023-06-07)||8.70%|
|1 year (2022-12-07)||-16.67%|
|2 years (2021-12-07)||25.00%|
|3 years (2020-12-07)||47.06%|
|5 years (2018-12-07)||38.89%|
Is Diatreme Resources under- or over-valued?
Valuing Diatreme Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Diatreme Resources 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Diatreme Resources 's P/E ratio
Diatreme 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 15x. In other words, Diatreme Resources shares trade at around 15x 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.
Diatreme Resources financials
|Gross profit TTM||$8.4 million|
|Return on assets TTM||-3.71%|
|Return on equity TTM||11.07%|
|Market capitalisation||$93.2 million|
TTM: trailing 12 months
Diatreme Resources share dividends
We're not expecting Diatreme Resources to pay a dividend over the next 12 months.
Have Diatreme Resources 's shares ever split?
Diatreme Resources 's shares were split on a 1.0563:1 basis on 28 May 2007. So if you had owned 1 share the day before the split, the next day you would own 1.0563 shares. This wouldn't directly have changed the overall worth of your Diatreme Resources shares – just the quantity. However, indirectly, the new 5.3% lower share price could have impacted the market appetite for Diatreme Resources shares which in turn could have impacted Diatreme Resources 's share price.
Diatreme Resources share price volatility
Over the last 12 months, Diatreme Resources 's shares have ranged in value from as little as $0.02 up to $0.033. 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 Diatreme Resources 's is 0.661. This would suggest that Diatreme Resources 's shares are less volatile than average (for this exchange).
Diatreme Resources overview
Diatreme Resources Limited engages in the exploration of heavy mineral sands, copper, gold, and base metals in Australia. Its flagship property is the Galalar Silica Sand project located in North Queensland. The company was incorporated in 1993 and is based in Coorparoo, Australia.
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