How to buy Equatorial Resources shares | A$0.33

Equatorial Resources Limited is a steel business based in Australia. Equatorial Resources shares (EQX) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.33 – a decrease of 1.49% over the previous week. and has a market cap (total outstanding shares value) of $41.7 million.

How to buy shares in Equatorial 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 Equatorial Resources . Find the share by name or ticker symbol: EQX. 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 Equatorial 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 of $0.33, 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 Equatorial 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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How has coronavirus impacted Equatorial Resources 's share price?

Since the stock market crash in March caused by coronavirus, Equatorial Resources 's share price has had significant positive movement.

Its last market close was $0.33, which is 22.73% up on its pre-crash value of $0.255 and 57.14% up on the lowest point reached during the March crash when the shares fell as low as $0.21.

If you had bought $1,000 worth of Equatorial Resources shares at the start of February 2020, those shares would have been worth $860.00 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 $1,320.00.

Equatorial Resources share price

Use our graph to track the performance of EQX stocks over time.

Equatorial Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.33
52-week range	AUDA$0.215 - AUDA$0.34
50-day moving average	AUDA$0.2918
200-day moving average	AUDA$0.2727
Target price	AUDA$0.61
PE ratio	263.6364
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.001

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Equatorial 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.

Technical Analysis of Equatorial Resources Limited by TradingView

Equatorial Resources price performance over time

Historical closes compared with the close of A$0.33 on 2020-10-22

1 week (2020-10-22)	0%
1 month (2020-09-29)	15.79%
3 months (2020-07-29)	15.79%
6 months (2020-04-29)	32.00%

1 year (2019-10-29)	20.00%
2 years (2018-10-29)	10.00%
3 years (2017-10-27)	-9.59%
5 years (2015-10-29)	10.00%

Is Equatorial Resources under- or over-valued?

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

Equatorial Resources 's P/E ratio

Equatorial 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 264x. In other words, Equatorial Resources shares trade at around 264x 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.

Equatorial Resources financials

Gross profit TTM	$0
Return on assets TTM	-1.31%
Return on equity TTM	-0.45%
Profit margin	0%
Book value	0.35
Market capitalisation	$41.7 million

TTM: trailing 12 months

Equatorial Resources share dividends

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

Have Equatorial Resources 's shares ever split?

Equatorial Resources 's shares were split on a 1:10 basis on 3 May 2010. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Equatorial Resources shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Equatorial Resources shares which in turn could have impacted Equatorial Resources 's share price.

Equatorial Resources share price volatility

Over the last 12 months, Equatorial Resources 's shares have ranged in value from as little as $0.215 up to $0.34. 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 Equatorial Resources 's is 0.4889. This would suggest that Equatorial Resources 's shares are less volatile than average (for this exchange).

Equatorial Resources overview

Equatorial Resources Limited explores for and develops iron ore properties in the Republic of Congo. It owns an 80% interest in the Badondo iron project located in the northwest region of the Republic of Congo. The company has a strategic alliance agreement with Rock Mining SARL for the development of the Badondo iron project. Equatorial Resources Limited was incorporated in 1986 and is headquartered in Perth, Australia.

Frequently asked questions

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

  Currently 39.382% of Equatorial Resources shares are held by insiders and 20.34% by institutions.

• When does the fiscal year end for Equatorial Resources ?

  Equatorial Resources 's fiscal year ends in June.

• Where is Equatorial Resources based?

  Equatorial Resources 's address is: BGC Centre, Perth, WA, Australia, 6000

• What is Equatorial Resources 's ISIN number?

  Equatorial Resources 's international securities identification number is: AU000000EQX3