How to buy Golden Mile Resources shares | A$0.065

Golden Mile Resources Limited is an other industrial metals & mining business based in Australia. Golden Mile Resources shares (G88) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.065 – a decrease of 12.16% over the previous week. Golden Mile Resources has a trailing 12-month revenue of around $54,376.

How to buy shares in Golden Mile 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 Golden Mile Resources . Find the share by name or ticker symbol: G88. 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 Golden Mile 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 $0.065, 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 Golden Mile 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 Golden Mile Resources 's share price?

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

Its last market close was $0.065, which is 15.38% up on its pre-crash value of $0.055 and 225.00% up on the lowest point reached during the March crash when the shares fell as low as $0.02.

If you had bought $1,000 worth of Golden Mile Resources shares at the start of February 2020, those shares would have been worth $500.00 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 $1,300.00.

Golden Mile Resources share price

Use our graph to track the performance of G88 stocks over time.

Golden Mile Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.065
52-week range	AUDA$0.02 - AUDA$0.09
50-day moving average	AUDA$0.0624
200-day moving average	AUDA$0.0495
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.017

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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 Golden Mile 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 Golden Mile Resources Limited by TradingView

Golden Mile Resources price performance over time

Historical closes compared with the close of A$0.065 on 2020-10-20

1 week (2020-10-10)	N/A
1 month (2020-09-21)	-1.52%
3 months (2020-07-17)	8.33%
6 months (2020-04-17)	132.14%

1 year (2019-10-18)	-7.14%
2 years (2018-10-19)	-65.79%
3 years (2017-10-19)	-53.57%
5 years (2015-10-17)	N/A

Golden Mile Resources financials

Revenue TTM	$54,376
Gross profit TTM	$54,376
Return on assets TTM	-90.25%
Return on equity TTM	-151.89%
Profit margin	0%
Book value	0.014
Market capitalisation	$8 million

TTM: trailing 12 months

Golden Mile Resources share dividends

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

Golden Mile Resources share price volatility

Over the last 12 months, Golden Mile Resources 's shares have ranged in value from as little as $0.02 up to $0.09. 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 Golden Mile Resources 's is 1.9418. This would suggest that Golden Mile 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).

Golden Mile Resources overview

Golden Mile Resources Limited engages in the acquisition, exploration, and development of mineral properties in Australia. It explores for nickel, cobalt, gold, and base metal deposits. The company holds interests in the Leonora East Gold Project, Darlot Gold Project, and the Yuinmery Gold Project in the North-Eastern Goldfields of Western Australia; Ironstone Well Gold Project located to the northeast of the town of Leonora; and Minara Nickel-Cobalt Project to the east of Leonora, as well as Gidgee Project is located in the North-Eastern Goldfields of Western Australia. The company was incorporated in 2016 and is based in Melbourne, Australia.

Frequently asked questions

• What percentage of Golden Mile Resources is owned by insiders?

  Currently 37.49% of Golden Mile Resources shares are held by insiders.

• When does the fiscal year end for Golden Mile Resources ?

  Golden Mile Resources 's fiscal year ends in June.

• Where is Golden Mile Resources based?

  Golden Mile Resources 's address is: 2 Queen Street, Melbourne, VIC, Australia, 3000

• What is Golden Mile Resources 's ISIN number?

  Golden Mile Resources 's international securities identification number is: AU000000G887