How to buy Laneway Resources shares | LNY historical share price and analysis

How to buy Laneway Resources shares

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. 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, 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.

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 2021-02-24.
52-week range$0.003 - $0.011
50-day moving average $0.0066
200-day moving average $0.0072
Target priceN/A
PE ratio 14
Dividend yield N/A (0%)
Earnings per share (TTM) $0.001

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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 updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
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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.

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 14x. In other words, Laneway Resources shares trade at around 14x 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 (£0.0 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 $22.7 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: 1.6)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 1.6016. This would suggest that Laneway 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).

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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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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