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How to buy Legacy Iron Ore shares

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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. 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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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.

What's in this guide?

  1. Legacy Iron Ore key stats
  2. Compare share trading platforms
  3. Is Legacy Iron Ore stock a buy or sell?
  4. Legacy Iron Ore performance over time
  5. Legacy Iron Ore 's financials
  6. How volatile are Legacy Iron Ore shares?
  7. Does Legacy Iron Ore pay a dividend?
  8. Have Legacy Iron Ore shares ever split?
  9. Other common questions

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

Information last updated 2020-10-20.
52-week range$0.001 - $0.01
50-day moving average $0.0052
200-day moving average $0.0036
Target priceN/A
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-0.001

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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Compare share trading platforms

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
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian 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.
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More Info
Bell Direct Share Trading
Finder Award
Bell Direct Share Trading
AUD 15 or 0.1%
No
ASX shares, mFunds
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
Go to site
More Info
Superhero share trading
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.
Go to site
More Info
CMC Markets Stockbroking
Finder Award
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.
Go to site
More Info
ANZ Share Investing
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
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.
More Info
Westpac Online Investing Account
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
More Info
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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 2020-10-22

1 week (2021-01-12) -77.14%
1 month (2020-12-18) -70.37%
3 months (2020-10-19) 14.29%
6 months (2020-07-17) 166.67%
1 year (2020-01-17) 300.00%
2 years (2019-01-15) N/A
3 years (2018-01-19) 33.33%
5 years (2016-01-15) N/A

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 31 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".

LCY.AU volatility(beta: 2.16)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 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

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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