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How to buy Latrobe Magnesium shares | A$0.024

Own Latrobe Magnesium shares in just a few minutes.

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Latrobe Magnesium Limited is an other industrial metals & mining business based in Australia. Latrobe Magnesium shares (LMG) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.024 – the same closing value as a week prior. Latrobe Magnesium has a trailing 12-month revenue of around $8.8 million.

How to buy shares in Latrobe Magnesium

  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 Latrobe Magnesium . Find the share by name or ticker symbol: LMG. 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 Latrobe Magnesium 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 $0.024, 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 Latrobe Magnesium . 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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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Latrobe Magnesium 's share price?

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

Its last market close was $0.024, which is 54.17% up on its pre-crash value of $0.011 and 380.00% up on the lowest point reached during the March crash when the shares fell as low as $0.005.

If you had bought $1,000 worth of Latrobe Magnesium shares at the start of February 2020, those shares would have been worth $375.00 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 $1,500.00.

Latrobe Magnesium share price

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

Latrobe Magnesium shares at a glance

Information last updated 2020-10-21.
Latest market closeAUDA$0.024
52-week rangeAUDA$0.006 - AUDA$0.029
50-day moving average AUDA$0.026
200-day moving average AUDA$0.019
Target priceN/A
PE ratio 5.4348
Dividend yield N/A (0%)
Earnings per share (TTM) AUDA$0.005

Share Trading Account Offer

IG Share Trading Offer

AUD 8

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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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.
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
AUD 5
No
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%
No
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
No
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 Latrobe Magnesium 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.

Latrobe Magnesium price performance over time

Historical closes compared with the close of A$0.024 on 2020-10-22

1 week (2020-10-23) -4.00%
1 month (2020-09-30) -7.69%
3 months (2020-07-30) -14.29%
6 months (2020-04-30) 200.00%
1 year (2019-10-30) 100.00%
2 years (2018-10-30) 200.00%
3 years (2017-10-30) 50.00%
5 years (2015-10-30) 200.00%

Is Latrobe Magnesium under- or over-valued?

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

Latrobe Magnesium 's P/E ratio

Latrobe Magnesium 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Latrobe Magnesium shares trade at around 5x 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.

Latrobe Magnesium 's EBITDA

Latrobe Magnesium 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6.8 million.

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

Latrobe Magnesium financials

Revenue TTM $8.8 million
Operating margin TTM 77.63%
Gross profit TTM $8.8 million
Return on assets TTM 20.04%
Return on equity TTM 70.18%
Profit margin 68.36%
Book value 0.009
Market capitalisation $31.1 million

TTM: trailing 12 months

Latrobe Magnesium share dividends

We're not expecting Latrobe Magnesium to pay a dividend over the next 12 months.

Have Latrobe Magnesium 's shares ever split?

Latrobe Magnesium 's shares were split on 26 August 1997.

Latrobe Magnesium share price volatility

Over the last 12 months, Latrobe Magnesium 's shares have ranged in value from as little as $0.006 up to $0.029. A popular way to gauge a stock's volatility is its "beta".

LMG.AU volatility(beta: 1.59)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 Latrobe Magnesium 's is 1.5881. This would suggest that Latrobe Magnesium 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Latrobe Magnesium overview

Latrobe Magnesium Limited engages in the extraction and sale of magnesium metal and cementitious material from industrial fly ash in Germany. It holds interests in the Latrobe magnesium project located in the Latrobe Valley in Victoria. The company was incorporated in 1986 and is based in Sydney, Australia.

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