How to buy GME Resources shares | A$0.049

GME Resources Limited is a gold business based in Australia. GME Resources shares (GME) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.049 – an increase of 22.5% over the previous week. GME Resources has a trailing 12-month revenue of around $100,000.

How to buy shares in GME 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 GME Resources . Find the share by name or ticker symbol: GME. 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 GME 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 $0.049, 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 GME 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 GME Resources 's share price?

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

Its last market close was $0.049, which is 5.77% down on its pre-crash value of $0.052 and 36.11% up on the lowest point reached during the March crash when the shares fell as low as $0.036.

If you had bought $1,000 worth of GME Resources shares at the start of February 2020, those shares would have been worth $1,018.87 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 $924.53.

GME Resources share price

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

GME Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.049
52-week range	AUDA$0.032 - AUDA$0.066
50-day moving average	AUDA$0.043
200-day moving average	AUDA$0.0385
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.001

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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 GME 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 GME Resources Limited by TradingView

GME Resources price performance over time

Historical closes compared with the close of A$0.049 on 2020-10-22

1 week (2020-10-23)	0%
1 month (2020-10-01)	13.95%
3 months (2020-07-31)	36.11%
6 months (2020-05-01)	25.64%

1 year (2019-10-31)	-15.52%
2 years (2018-10-31)	-45.37%
3 years (2017-10-31)	-69.09%
5 years (2015-10-30)	29.97%

GME Resources financials

Revenue TTM	$100,000
Gross profit TTM	$100,000
Return on assets TTM	-0.94%
Return on equity TTM	-0.73%
Profit margin	-237.31%
Book value	0.064
Market capitalisation	$23.9 million

TTM: trailing 12 months

GME Resources share dividends

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

Have GME Resources 's shares ever split?

GME Resources 's shares were split on 25 June 2009.

GME Resources share price volatility

Over the last 12 months, GME Resources 's shares have ranged in value from as little as $0.032 up to $0.066. 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 GME Resources 's is 1.8374. This would suggest that GME Resources 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

GME Resources overview

GME Resources Limited engages in the exploration of mineral properties in Australia. The company explores for nickel and cobalt deposits. Its principal asset is the NiWest Nickel Laterite project located at Murrin Murrin in the North Eastern Goldfields of Western Australia. The company was incorporated in 1987 and is based in Fremantle, Australia.

Frequently asked questions

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

  Currently 65.474% of GME Resources shares are held by insiders and 5.646% by institutions.

• When does the fiscal year end for GME Resources ?

  GME Resources 's fiscal year ends in June.

• Where is GME Resources based?

  GME Resources 's address is: 78 Marine Terrace, Fremantle, WA, Australia, 6160

• What is GME Resources 's ISIN number?

  GME Resources 's international securities identification number is: AU000000GME7