How to buy Magnetic Resources NL shares | A$1.2

Magnetic Resources NL is an other industrial metals & mining business based in Australia. Magnetic Resources NL shares (MAU) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.2 – a decrease of 6.25% over the previous week. Magnetic Resources NL has a trailing 12-month revenue of around $2,864.

How to buy shares in Magnetic Resources NL

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 Magnetic Resources NL. Find the share by name or ticker symbol: MAU. 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 Magnetic Resources NL 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 $1.2, 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 Magnetic Resources NL. 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 Magnetic Resources NL's share price?

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

Its last market close was $1.2, which is 43.33% up on its pre-crash value of $0.68 and 242.86% up on the lowest point reached during the March crash when the shares fell as low as $0.35.

If you had bought $1,000 worth of Magnetic Resources NL shares at the start of February 2020, those shares would have been worth $789.48 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 $2,105.27.

Magnetic Resources NL share price

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

Magnetic Resources NL shares at a glance

• Key figures

Information last updated 2020-10-21.

Latest market close	AUDA$1.2
52-week range	AUDA$0.35 - AUDA$1.705
50-day moving average	AUDA$1.2583
200-day moving average	AUDA$1.1975
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.017

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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 Magnetic Resources NL 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 Magnetic Resources NL by TradingView

Magnetic Resources NL price performance over time

Historical closes compared with the close of A$1.2 on 2020-10-22

1 week (2020-10-21)	-5.51%
1 month (2020-09-29)	4.35%
3 months (2020-07-28)	-17.24%
6 months (2020-04-28)	60.00%

1 year (2019-10-28)	122.22%
2 years (2018-10-25)	727.59%
3 years (2017-10-27)	361.54%
5 years (2015-10-25)	N/A

Magnetic Resources NL financials

Revenue TTM	$2,864
Gross profit TTM	$2,864
Return on assets TTM	-60.76%
Return on equity TTM	-102.49%
Profit margin	0%
Book value	0.019
Market capitalisation	$274.4 million

TTM: trailing 12 months

Magnetic Resources NL share dividends

We're not expecting Magnetic Resources NL to pay a dividend over the next 12 months.

Magnetic Resources NL share price volatility

Over the last 12 months, Magnetic Resources NL's shares have ranged in value from as little as $0.35 up to $1.705. 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 Magnetic Resources NL's is 1.9329. This would suggest that Magnetic Resources NL's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Magnetic Resources NL overview

Magnetic Resources NL explores mineral tenements in Western Australia. The company holds 100% interests in the Mertondale, Christmas Well, Melita, Raeside East, Braiser, Nambi, Kowtah, Hawks Nest, Mt Ajax, Mt Jumbo, Mt Jumbo East, and Lady Julie gold projects situated in the Mertondale Region, Leonora, as well as in Cardinia, and Malcolm projects. It also holds 100% interests in the Homeward Bound South Project consisting of 14 square kilometers of tenements comprising eight prospecting licenses in Leonora-Laverton gold region; and the Little Well project, Jubuk project, and Nicholson Well JV. In addition, the company focuses on th Kauring, Ragged Rock, and Mount Joy iron ore and nickel projects. Magnetic Resources NL was incorporated in 2006 and is based in West Perth, Australia.

Frequently asked questions

• What percentage of Magnetic Resources NL is owned by insiders?

  Currently 69.049% of Magnetic Resources NL shares are held by insiders.

• When does the fiscal year end for Magnetic Resources NL?

  Magnetic Resources NL's fiscal year ends in June.

• Where is Magnetic Resources NL based?

  Magnetic Resources NL's address is: 44A Kings Park Road, West Perth, WA, Australia, 6005

• What is Magnetic Resources NL's ISIN number?

  Magnetic Resources NL's international securities identification number is: AU000000MAU6