How to buy Hipo Resources shares | A$0.017

QX Resources Limited is an other industrial metals & mining business based in Australia. Hipo Resources shares (HIP) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.017 – an increase of 21.43% over the previous week. and has a market cap (total outstanding shares value) of $7.5 million.

How to buy shares in Hipo 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 Hipo Resources . Find the share by name or ticker symbol: HIP. 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 Hipo 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 $0.017, 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 Hipo 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 Hipo Resources 's share price?

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

Its last market close was $0.017, which is 0.00% up on its pre-crash value of $0.017 and 142.86% up on the lowest point reached during the March crash when the shares fell as low as $0.007.

If you had bought $1,000 worth of Hipo Resources shares at the start of February 2020, those shares would have been worth $736.84 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 $894.74.

Hipo Resources share price

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

Hipo Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.017
52-week range	AUDA$0.01 - AUDA$0.024
50-day moving average	AUDA$0.0154
200-day moving average	AUDA$0.0158
Target price	AUDA$10
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.002

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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 Hipo 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 QX Resources Limited by TradingView

Hipo Resources price performance over time

Historical closes compared with the close of A$0.017 on 2020-10-22

1 week (2020-10-23)	-26.09%
1 month (2020-09-30)	0%
3 months (2020-07-30)	-10.53%
6 months (2020-04-30)	70.00%

1 year (2019-10-30)	6.25%
2 years (2018-10-30)	13.33%
3 years (2017-10-30)	-22.73%
5 years (2015-10-30)	-61.36%

Hipo Resources financials

Gross profit TTM	$57,880
Return on assets TTM	-19.14%
Return on equity TTM	-45.99%
Profit margin	0%
Book value	0.003
Market capitalisation	$7.5 million

TTM: trailing 12 months

Hipo Resources share dividends

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

Have Hipo Resources 's shares ever split?

Hipo Resources 's shares were split on a 1:10 basis on 16 August 2016. 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 Hipo Resources shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Hipo Resources shares which in turn could have impacted Hipo Resources 's share price.

Hipo Resources share price volatility

Over the last 12 months, Hipo Resources 's shares have ranged in value from as little as $0.01 up to $0.024. 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 Hipo Resources 's is 0.8831. This would suggest that Hipo Resources 's shares are less volatile than average (for this exchange).

Hipo Resources overview

Hipo Resources Limited engages in the exploration and exploitation of mineral properties. It holds a 60% interest in the Kamola lithium project located in the Manono and Kitolo Lithium pegmatite belt of the Democratic Republic of Congo; and a 24% interest in the Busumbu Phosphate project located in Uganda. The company was formerly known as Black Mountain Resources Limited and changed its name to Hipo Resources Limited in June 2018. Hipo Resources Limited was incorporated in 2010 and is headquartered in West Perth, Australia.

Frequently asked questions

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

  Currently 41.844% of Hipo Resources shares are held by insiders and 7.152% by institutions.

• When does the fiscal year end for Hipo Resources ?

  Hipo Resources 's fiscal year ends in June.

• Where is Hipo Resources based?

  Hipo Resources 's address is: 34 Colin Street, West Perth, WA, Australia, 6005

• What is Hipo Resources 's ISIN number?

  Hipo Resources 's international securities identification number is: AU0000016388