How to buy Discovery Africa shares | A$0.03
Own Discovery Africa shares in just a few minutes.
Discovery Africa Limited is a gold business based in Australia. Discovery Africa shares (DAF) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.03 – the same closing value as a week prior. Discovery Africa has a trailing 12-month revenue of around $4,526.
How to buy shares in Discovery Africa
- 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.
- 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.
- Search for Discovery Africa . Find the share by name or ticker symbol: DAF. 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 Discovery Africa reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $0.03, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Discovery Africa . 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.
What's in this guide?
- Discovery Africa key stats
- Compare share trading platforms
- Is Discovery Africa stock a buy or sell?
- Discovery Africa performance over time
- Are Discovery Africa shares over-valued?
- Discovery Africa 's financials
- How volatile are Discovery Africa shares?
- Does Discovery Africa pay a dividend?
- Other common questions
How has coronavirus impacted Discovery Africa 's share price?
Since the stock market crash in March caused by coronavirus, Discovery Africa 's share price has had significant positive movement.
Its last market close was $0.03, which is 36.67% up on its pre-crash value of $0.019 and 400.00% up on the lowest point reached during the March crash when the shares fell as low as $0.006.
If you had bought $1,000 worth of Discovery Africa shares at the start of February 2020, those shares would have been worth $272.73 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 $1,363.64.
Discovery Africa share priceUse our graph to track the performance of DAF stocks over time.
Discovery Africa shares at a glance
|Latest market close||AUDA$0.03|
|52-week range||AUDA$0.006 - AUDA$0.04|
|50-day moving average||AUDA$0.0301|
|200-day moving average||AUDA$0.0212|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||AUDA$0.008|
Standard brokerage - Australian shares
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Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
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- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Discovery Africa 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.
Discovery Africa price performance over time
|1 week (2020-09-22)||0%|
|1 month (2020-08-28)||-11.76%|
|3 months (2020-06-29)||36.36%|
|6 months (2020-03-27)||400.00%|
|1 year (2019-09-27)||30.43%|
|2 years (2018-09-26)||100.00%|
|3 years (2017-09-29)||150.00%|
|5 years (2015-09-25)||N/A|
Is Discovery Africa under- or over-valued?
Valuing Discovery Africa stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Discovery Africa 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Discovery Africa 's P/E ratio
Discovery Africa 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 4x. In other words, Discovery Africa shares trade at around 4x 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.
Discovery Africa financials
|Gross profit TTM||$8,778|
|Return on assets TTM||-13.5%|
|Return on equity TTM||105.57%|
|Market capitalisation||$6.1 million|
TTM: trailing 12 months
Discovery Africa share dividends
We're not expecting Discovery Africa to pay a dividend over the next 12 months.
Discovery Africa share price volatility
Over the last 12 months, Discovery Africa 's shares have ranged in value from as little as $0.006 up to $0.04. 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 Discovery Africa 's is 4.4789. This would suggest that Discovery Africa 's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Discovery Africa overview
Discovery Africa Limited engages in the gold exploration business in Western Australia. It holds an option agreement to acquire a 100% interest in the Pinyalling gold project that consists of an exploration license 59/2112, which covers 18 blocks with an area of 54 square kilometers located in Perth. The company was formerly known as Baru Resources Limited and changed its name to Discovery Africa Limited in November 2013. Discovery Africa Limited was founded in 2010 and is headquartered in Balcatta, Australia.
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