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How to buy Equatorial Resources shares | A$0.33

Own Equatorial Resources shares in just a few minutes.


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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.

🧪How we chose these brokers

For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

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

Information last updated 2020-10-20.
Latest market closeAUDA$0.33
52-week rangeAUDA$0.215 - AUDA$0.34
50-day moving average AUDA$0.2918
200-day moving average AUDA$0.2727
Target priceAUDA$0.61
PE ratio 263.6364
Dividend yield N/A (0%)
Earnings per share (TTM) AUDA$0.001

Share Trading Account Offer

IG Share Trading Offer


Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

  • Brokerage - AU shares: From AUD 5 or 0.05%
  • Brokerage - US shares: USD 0
  • Sign-up process: Instant
  • Support - After hours: Yes
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Important: Share trading carries risk of capital loss.


Compare share trading platforms

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.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Brokerage discount: $5 on Australian shares for active traders & $0 commission on US and global shares
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Superhero share trading
ASX shares
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
CMC Markets Stockbroking
AUD 11 or 0.1%
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
SelfWealth Share Trading (Basic account)
AUD 9.5
ASX shares
Trade ASX-listed shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
ANZ Share Investing
AUD 19.95
ASX shares, Global shares, Margin trading, Options trading
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares

Compare up to 4 providers

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.

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.

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