How to buy Magnum Mining and Exploration shares | A$0.057

Magnum Mining and Exploration Limited is an other industrial metals & mining business based in Australia. Magnum Mining and Exploration shares (MGU) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.057 – an increase of 5.56% over the previous week. Magnum Mining and Exploration has a trailing 12-month revenue of around $122,858.

How to buy shares in Magnum Mining and Exploration

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 Magnum Mining and Exploration . Find the share by name or ticker symbol: MGU. 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 Magnum Mining and Exploration 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 $0.057, 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 Magnum Mining and Exploration . 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 Magnum Mining and Exploration 's share price?

Since the stock market crash in March caused by coronavirus, Magnum Mining and Exploration 's share price has had significant positive movement.

Its last market close was $0.057, which is 3.51% up on its pre-crash value of $0.055 and 16.33% up on the lowest point reached during the March crash when the shares fell as low as $0.049.

If you had bought $1,000 worth of Magnum Mining and Exploration shares at the start of February 2020, those shares would have been worth $890.91 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 $1,036.36.

Magnum Mining and Exploration share price

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

Magnum Mining and Exploration shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.057
52-week range	AUDA$0.03 - AUDA$0.06
50-day moving average	AUDA$0.0446
200-day moving average	AUDA$0.0394
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.007

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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 Magnum Mining and Exploration 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 Magnum Mining and Exploration Limited by TradingView

Magnum Mining and Exploration price performance over time

Historical closes compared with the close of A$0.057 on 2020-10-22

1 week (2020-10-16)	5.56%
1 month (2020-09-23)	39.02%
3 months (2020-07-23)	72.73%
6 months (2020-04-23)	42.50%

1 year (2019-10-23)	14.00%
2 years (2018-10-23)	14.00%
3 years (2017-10-23)	-16.18%
5 years (2015-10-23)	119.23%

Magnum Mining and Exploration financials

Revenue TTM	$122,858
Gross profit TTM	$126,061
Return on assets TTM	-21.85%
Return on equity TTM	-27.31%
Profit margin	-170.91%
Book value	0.008
Market capitalisation	$16.7 million

TTM: trailing 12 months

Magnum Mining and Exploration share dividends

We're not expecting Magnum Mining and Exploration to pay a dividend over the next 12 months.

Have Magnum Mining and Exploration 's shares ever split?

Magnum Mining and Exploration 's shares were split on 24 November 1997.

Magnum Mining and Exploration share price volatility

Over the last 12 months, Magnum Mining and Exploration 's shares have ranged in value from as little as $0.03 up to $0.06. 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 Magnum Mining and Exploration 's is 0.8836. This would suggest that Magnum Mining and Exploration 's shares are less volatile than average (for this exchange).

Magnum Mining and Exploration overview

Magnum Mining and Exploration Limited explores for mineral properties. The company owns a 74% interest in the Gravelotte emerald project located in the Limpopo province of South Africa. It has a purchase agreement to acquire a 100% interest in the Buena Vista iron ore project located in Nevada, United States. Magnum Mining and Exploration Limited is based in Subiaco, Australia.

Frequently asked questions

• What percentage of Magnum Mining and Exploration is owned by insiders?

  Currently 46.67% of Magnum Mining and Exploration shares are held by insiders.

• When does the fiscal year end for Magnum Mining and Exploration ?

  Magnum Mining and Exploration 's fiscal year ends in December.

• Where is Magnum Mining and Exploration based?

  Magnum Mining and Exploration 's address is: 234 Churchill Avenue, Subiaco, WA, Australia, 6008

• What is Magnum Mining and Exploration 's ISIN number?

  Magnum Mining and Exploration 's international securities identification number is: AU000000MGU3