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How to buy Laneway Resources shares | A$0.007

Own Laneway Resources shares in just a few minutes.


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Laneway Resources Limited is an other industrial metals & mining business based in Australia. Laneway Resources shares (LNY) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.007 – a decrease of 12.5% over the previous week. Laneway Resources has a trailing 12-month revenue of around $19.1 million.

How to buy shares in Laneway 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 Laneway Resources . Find the share by name or ticker symbol: LNY. 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 Laneway 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 $0.007, 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 Laneway 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 Laneway Resources 's share price?

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

Its last market close was $0.007, which is 14.29% up on its pre-crash value of $0.006 and 133.33% up on the lowest point reached during the March crash when the shares fell as low as $0.003.

If you had bought $1,000 worth of Laneway Resources shares at the start of February 2020, those shares would have been worth $428.57 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 $1,000.00.

Laneway Resources share price

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

Laneway Resources shares at a glance

Information last updated 2020-10-21.
Latest market closeAUDA$0.007
52-week rangeAUDA$0.003 - AUDA$0.011
50-day moving average AUDA$0.0076
200-day moving average AUDA$0.0064
Target priceN/A
PE ratio 16
Dividend yield N/A (0%)
Earnings per share (TTM) AUDA$0.001

Share Trading Account Offer

IG Share Trading Offer


Standard brokerage - Australian shares

Share Trading Account Offer

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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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.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Brokerage discount: $5 on Australian shares for active traders & $0 commission on US and global shares
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Superhero share trading
ASX shares
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
CMC Markets Stockbroking
AUD 11 or 0.1%
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
ANZ Share Investing
AUD 19.95
ASX shares, Global shares, Margin trading, Options trading
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares

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Is it a good time to buy Laneway 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.

Laneway Resources price performance over time

Historical closes compared with the close of A$0.007 on 2020-10-22

1 week (2020-10-23) -12.50%
1 month (2020-10-01) 0%
3 months (2020-07-31) -22.22%
6 months (2020-05-01) 75.00%
1 year (2019-10-31) 40.00%
2 years (2018-10-29) 133.33%
3 years (2017-10-31) 100.00%
5 years (2015-10-27) 133.33%

Is Laneway Resources under- or over-valued?

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

Laneway Resources 's P/E ratio

Laneway 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 16x. In other words, Laneway Resources shares trade at around 16x 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.

Laneway Resources 's EBITDA

Laneway Resources 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.8 million.

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

Laneway Resources financials

Revenue TTM $19.1 million
Operating margin TTM 12.01%
Gross profit TTM $5.6 million
Return on assets TTM 8.69%
Return on equity TTM 13.13%
Profit margin 8.69%
Book value 0.004
Market capitalisation $30.2 million

TTM: trailing 12 months

Laneway Resources share dividends

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

Have Laneway Resources 's shares ever split?

Laneway Resources 's shares were split on a 1:300 basis on 3 December 2012. So if you had owned 300 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 Laneway Resources shares – just the quantity. However, indirectly, the new 29900% higher share price could have impacted the market appetite for Laneway Resources shares which in turn could have impacted Laneway Resources 's share price.

Laneway Resources share price volatility

Over the last 12 months, Laneway Resources 's shares have ranged in value from as little as $0.003 up to $0.011. A popular way to gauge a stock's volatility is its "beta".

LNY.AU volatility(beta: 2.39)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Laneway Resources 's is 2.3916. This would suggest that Laneway Resources 's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Laneway Resources overview

Laneway Resources Limited explores for, evaluates, and develops gold and coal tenements in Australia and New Zealand. The company holds 100% interests in the Agate Creek gold project covering an area of approximately 647 square kilometers located in north Queensland; and the New Zealand gold project, which comprises an exploration permit covering an area of 58 square kilometers in the Hauraki Goldfield. It also holds 100% interests in the Ashford coking coal project covering an area of 14 square kilometers located in New South Wales. The company was incorporated in 1986 and is based in Brisbane, Australia.

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