How to buy GBM Resources shares | A$0.185

GBM Resources Limited is a gold business based in Australia. GBM Resources shares (GBZ) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.185 – an increase of 23.33% over the previous week. GBM Resources has a trailing 12-month revenue of around $48,390.

How to buy shares in GBM 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 GBM Resources . Find the share by name or ticker symbol: GBZ. 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 GBM 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 $0.185, 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 GBM 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 GBM Resources 's share price?

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

Its last market close was $0.185, which is 64.86% up on its pre-crash value of $0.065 and 362.50% up on the lowest point reached during the March crash when the shares fell as low as $0.04.

If you had bought $1,000 worth of GBM Resources shares at the start of February 2020, those shares would have been worth $685.71 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 $2,642.86.

GBM Resources share price

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

GBM Resources shares at a glance

• Key figures

Information last updated 2020-10-21.

Latest market close	AUDA$0.185
52-week range	AUDA$0.003 - AUDA$0.17
50-day moving average	AUDA$0.1444
200-day moving average	AUDA$0.1053
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.004

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AUD 8

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
• Sign-up process: Instant
• Support - After hours: Yes

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Important: Share trading carries risk of capital loss.

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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 GBM 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 GBM Resources Limited by TradingView

GBM Resources price performance over time

Historical closes compared with the close of A$0.185 on 2020-10-22

1 week (2020-10-16)	23.33%
1 month (2020-09-25)	27.59%
3 months (2020-07-24)	68.18%
6 months (2020-04-24)	143.42%

1 year (2019-10-24)	3,600.00%
2 years (2018-10-24)	3,600.00%
3 years (2017-10-24)	1,750.00%
5 years (2015-10-23)	798.06%

GBM Resources financials

Revenue TTM	$48,390
Gross profit TTM	$48,390
Return on assets TTM	-7.33%
Return on equity TTM	-11.28%
Profit margin	0%
Book value	0.054
Market capitalisation	$62.6 million

TTM: trailing 12 months

GBM Resources share dividends

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

Have GBM Resources 's shares ever split?

GBM Resources 's shares were split on a 1:10 basis on 26 November 2019. 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 GBM Resources shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for GBM Resources shares which in turn could have impacted GBM Resources 's share price.

GBM Resources share price volatility

Over the last 12 months, GBM Resources 's shares have ranged in value from as little as $0.003 up to $0.17. 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 GBM Resources 's is 0.8337. This would suggest that GBM Resources 's shares are less volatile than average (for this exchange).

GBM Resources overview

GBM Resources Limited engages in the exploration and development of mineral properties in Australia. It explores for gold, silver, copper, and iron oxide. The company's flagship project is the Mount Coolon gold project located in the Drummond basin in Queensland. The company was incorporated in 2007 and is based in Mt Pleasant, Australia.

Frequently asked questions

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

  Currently 34.076% of GBM Resources shares are held by insiders and 2.222% by institutions.

• When does the fiscal year end for GBM Resources ?

  GBM Resources 's fiscal year ends in June.

• Where is GBM Resources based?

  GBM Resources 's address is: 7 The Esplanade, Mt Pleasant, WA, Australia, 6153

• What is GBM Resources 's ISIN number?

  GBM Resources 's international securities identification number is: AU000000GBZ5