How to buy Grange Resources shares | A$0.24

Grange Resources Limited is an other industrial metals & mining business based in Australia. Grange Resources shares (GRR) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.24 – a decrease of 2.04% over the previous week. Grange Resources has a trailing 12-month revenue of around $460.4 million.

How to buy shares in Grange 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 Grange Resources . Find the share by name or ticker symbol: GRR. 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 Grange 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 $0.24, 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 Grange 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 Grange Resources 's share price?

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

Its last market close was $0.24, which is 6.25% up on its pre-crash value of $0.225 and 60.00% up on the lowest point reached during the March crash when the shares fell as low as $0.15.

If you had bought $1,000 worth of Grange Resources shares at the start of February 2020, those shares would have been worth $695.65 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 $1,043.48.

Grange Resources share price

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

Grange Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.24
52-week range	AUDA$0.165 - AUDA$0.29
50-day moving average	AUDA$0.2521
200-day moving average	AUDA$0.2451
Target price	AUDA$0.06
PE ratio	2.3026
Dividend yield	AUDA$0.02 (8%)
Earnings per share (TTM)	AUDA$0.106

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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 Grange 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 Grange Resources Limited by TradingView

Grange Resources price performance over time

Historical closes compared with the close of A$0.24 on 2020-10-22

1 week (2020-10-16)	-2.04%
1 month (2020-09-25)	-2.04%
3 months (2020-07-24)	-11.11%
6 months (2020-04-24)	14.29%

1 year (2019-10-24)	14.29%
2 years (2018-10-24)	26.32%
3 years (2017-10-24)	65.52%
5 years (2015-10-23)	92.00%

Is Grange Resources under- or over-valued?

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

Grange Resources 's P/E ratio

Grange 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 2x. In other words, Grange Resources shares trade at around 2x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Grange Resources 's EBITDA

Grange Resources 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $181.6 million.

The EBITDA is a measure of a Grange Resources 's overall financial performance and is widely used to measure a its profitability.

Grange Resources financials

Revenue TTM	$460.4 million
Operating margin TTM	32.36%
Gross profit TTM	$82.5 million
Return on assets TTM	13.8%
Return on equity TTM	22.65%
Profit margin	26.75%
Book value	0.508
Market capitalisation	$279 million

TTM: trailing 12 months

Grange Resources share dividends

Dividend payout ratio: 18.18% of net profits

Recently Grange Resources has paid out, on average, around 18.18% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Grange Resources shareholders could enjoy a 8% return on their shares, in the form of dividend payments. In Grange Resources 's case, that would currently equate to about A$0.02 per share.

While Grange Resources 's payout ratio might seem low, this can signify that Grange Resources is investing more in its future growth.

The latest dividend was paid out to all shareholders who bought their shares by 10 September 2020 (the "ex-dividend date").

Have Grange Resources 's shares ever split?

Grange Resources 's shares were split on 19 August 2009.

Grange Resources share price volatility

Over the last 12 months, Grange Resources 's shares have ranged in value from as little as $0.165 up to $0.29. 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 Grange Resources 's is 1.2722. This would suggest that Grange 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).

Grange Resources overview

Grange Resources Limited engages in the integrated iron ore mining and pellet production business in the northwest region of Tasmania. The company is involved in the mining, processing, and sale of iron ore; and exploration, evaluation, and development of mineral resources at the Southdown Magnetite and related Pellet plant projects. It owns interests in the Savage River magnetite iron ore mine located to the southwest of the city of Burnie. Grange Resources Limited is based in Burnie, Australia.

Frequently asked questions

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

  Currently 58.137% of Grange Resources shares are held by insiders and 9.141% by institutions.

• When does the fiscal year end for Grange Resources ?

  Grange Resources 's fiscal year ends in December.

• Where is Grange Resources based?

  Grange Resources 's address is: 34A Alexander Street, Burnie, TAS, Australia, 7320

• What is Grange Resources 's ISIN number?

  Grange Resources 's international securities identification number is: AU000000GRR8