How to buy Legacy Iron Ore shares | A$0.008

Legacy Iron Ore Limited is an other industrial metals & mining business based in Australia. Legacy Iron Ore shares (LCY) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.008 – an increase of 33.33% over the previous week. Legacy Iron Ore has a trailing 12-month revenue of around $86,248.

How to buy shares in Legacy Iron Ore

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 Legacy Iron Ore . Find the share by name or ticker symbol: LCY. 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 Legacy Iron Ore 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 $0.008, 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 Legacy Iron Ore . 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 Legacy Iron Ore 's share price?

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

Its last market close was $0.008, which is 87.50% up on its pre-crash value of $0.001 and 700.00% up on the lowest point reached during the March crash when the shares fell as low as $0.001.

If you had bought $1,000 worth of Legacy Iron Ore shares at the start of February 2020, those shares would have been worth $666.67 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 $5,333.33.

Legacy Iron Ore share price

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

Legacy Iron Ore shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.008
52-week range	AUDA$0.001 - AUDA$0.01
50-day moving average	AUDA$0.0052
200-day moving average	AUDA$0.0036
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.001

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AUD 8

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• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
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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 Legacy Iron Ore 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 Legacy Iron Ore Limited by TradingView

Legacy Iron Ore price performance over time

Historical closes compared with the close of A$0.008 on 2020-10-21

1 week (2020-10-15)	33.33%
1 month (2020-09-22)	100.00%
3 months (2020-07-22)	60.00%
6 months (2020-04-22)	300.00%

1 year (2019-10-18)	N/A
2 years (2018-10-18)	N/A
3 years (2017-10-19)	166.67%
5 years (2015-10-22)	60.00%

Legacy Iron Ore financials

Revenue TTM	$86,248
Gross profit TTM	$86,248
Return on assets TTM	-2.89%
Return on equity TTM	-5.14%
Profit margin	0%
Book value	0.004
Market capitalisation	$50 million

TTM: trailing 12 months

Legacy Iron Ore share dividends

We're not expecting Legacy Iron Ore to pay a dividend over the next 12 months.

Have Legacy Iron Ore 's shares ever split?

Legacy Iron Ore 's shares were split on 30 August 2009.

Legacy Iron Ore share price volatility

Over the last 12 months, Legacy Iron Ore 's shares have ranged in value from as little as $0.001 up to $0.01. 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 Legacy Iron Ore 's is 2.1607. This would suggest that Legacy Iron Ore 's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Legacy Iron Ore overview

Legacy Iron Ore Limited explores, evaluates, and develops mineral properties in Australia. It primarily explores for iron, gold, base metals, tungsten, and manganese, as well as rare earth metals. The company's projects include the Mt Bevan iron ore project, and pilbara iron ore and manganese projects located in Western Australia; the South Laverton gold project covering an area of 460 square kilometers located in the South Laverton region; and the East Kimberley project comprising three exploration licenses located in the Halls Creek area. It also owns interest in the Mt Bradley rare earth metal project located in Australia. The company was incorporated in 2007 and is based in Perth, Australia. Legacy Iron Ore Limited is a subsidiary of NMDC Limited.

Frequently asked questions

• What percentage of Legacy Iron Ore is owned by insiders?

  Currently 93.514% of Legacy Iron Ore shares are held by insiders.

• When does the fiscal year end for Legacy Iron Ore ?

  Legacy Iron Ore 's fiscal year ends in March.

• Where is Legacy Iron Ore based?

  Legacy Iron Ore 's address is: 200 Adelaide Terrace, Perth, WA, Australia, 6000

• What is Legacy Iron Ore 's ISIN number?

  Legacy Iron Ore 's international securities identification number is: AU000000LCY6