How to buy Magmatic Resources (MAG) shares
Learn how to easily invest in Magmatic Resources shares.
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Magmatic Resources Limited is a gold business based in Australia. Magmatic Resources shares (MAG) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Magmatic Resources has a trailing 12-month revenue of around $6.2 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Magmatic Resources
- 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.
- 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.
- Search for Magmatic Resources . Find the share by name or ticker symbol: MAG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magmatic Resources reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- 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.
- Check in on your investment. Congratulations, you own a part of Magmatic 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.
What's in this guide?
- Magmatic Resources key stats
- Compare share trading platforms
- Is Magmatic Resources stock a buy or sell?
- Magmatic Resources performance over time
- Are Magmatic Resources shares over-valued?
- Magmatic Resources 's financials
- How volatile are Magmatic Resources shares?
- Does Magmatic Resources pay a dividend?
- Other common questions
Magmatic Resources stock price (ASX:MAG)Use our graph to track the performance of MAG stocks over time.
Magmatic Resources shares at a glance
|52-week range||$0.098 - $0.275|
|50-day moving average||$0.1459|
|200-day moving average||$0.1536|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.011|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Magmatic 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.
Magmatic Resources price performance over time
|1 month (2021-07-01)||69.23%|
|3 months (2021-04-30)||22.22%|
Is Magmatic Resources under- or over-valued?
Valuing Magmatic Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magmatic Resources 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Magmatic Resources 's P/E ratio
Magmatic 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 12x. In other words, Magmatic Resources shares trade at around 12x 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.
Magmatic Resources 's EBITDA
Magmatic Resources 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.7 million.
The EBITDA is a measure of a Magmatic Resources 's overall financial performance and is widely used to measure a its profitability.
Magmatic Resources financials
|Revenue TTM||$6.2 million|
|Gross profit TTM||$92,837|
|Return on assets TTM||-65.49%|
|Return on equity TTM||47.41%|
|Market capitalisation||$29.7 million|
TTM: trailing 12 months
Magmatic Resources share dividends
We're not expecting Magmatic Resources to pay a dividend over the next 12 months.
Magmatic Resources share price volatility
Over the last 12 months, Magmatic Resources 's shares have ranged in value from as little as $0.098 up to $0.275. 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 Magmatic Resources 's is 1.327. This would suggest that Magmatic 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).
Magmatic Resources overview
Magmatic Resources Limited engages in the exploration of mineral properties in Australia. It explores for gold, copper, nickel, cobalt, and base metal deposits. The company holds 100% interests in the Myall, the Moorefield, the Parkes, and the Wellington North projects located in the East Lachlan, New South Wales. It also holds interest in the Mt Venn project located in the east of Laverton in Western Australia; and the Yamarna Gold Project located in the Yamarna Greenstone Belt of Western Australia. The company was incorporated in 2016 and is headquartered in Nedlands, Australia.
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Magmatic Resources in the news
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