How to buy Melbana Energy shares | A$0.013

Melbana Energy Limited is an oil & gas e&p business based in Australia. Melbana Energy shares (MAY) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.013 – an increase of 8.33% over the previous week. Melbana Energy has a trailing 12-month revenue of around $81,004.

How to buy shares in Melbana Energy

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 Melbana Energy . Find the share by name or ticker symbol: MAY. 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 Melbana Energy 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 $0.013, 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 Melbana Energy . 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 Melbana Energy 's share price?

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

Its last market close was $0.013, which is 23.08% up on its pre-crash value of $0.01 and 333.33% up on the lowest point reached during the March crash when the shares fell as low as $0.003.

If you had bought $1,000 worth of Melbana Energy shares at the start of February 2020, those shares would have been worth $300.00 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 $1,300.00.

Melbana Energy share price

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

Melbana Energy shares at a glance

• Key figures

Information last updated 2020-10-14.

Latest market close	AUDA$0.013
52-week range	AUDA$0.003 - AUDA$0.015
50-day moving average	AUDA$0.011
200-day moving average	AUDA$0.0075
Target price	AUDA$0.03
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.0015

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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 Melbana Energy 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 Melbana Energy Limited by TradingView

Melbana Energy price performance over time

Historical closes compared with the close of A$0.013 on 2020-10-20

1 week (2020-10-10)	N/A
1 month (2020-09-21)	18.18%
3 months (2020-07-17)	62.50%
6 months (2020-04-17)	271.43%

1 year (2019-10-18)	30.00%
2 years (2018-10-19)	-23.53%
3 years (2017-10-19)	44.44%
5 years (2015-10-19)	-18.75%

Melbana Energy financials

Revenue TTM	$81,004
Gross profit TTM	$81,004
Return on assets TTM	-10.16%
Return on equity TTM	-25.85%
Profit margin	0%
Book value	0.004
Market capitalisation	$27.8 million

TTM: trailing 12 months

Melbana Energy share dividends

We're not expecting Melbana Energy to pay a dividend over the next 12 months.

Have Melbana Energy 's shares ever split?

Melbana Energy 's shares were split on 6 August 2006. This wouldn't directly have changed the overall worth of your Melbana Energy shares – just the quantity. However, indirectly, the new INF% higher share price could have impacted the market appetite for Melbana Energy shares which in turn could have impacted Melbana Energy 's share price.

Melbana Energy share price volatility

Over the last 12 months, Melbana Energy 's shares have ranged in value from as little as $0.003 up to $0.015. 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 Melbana Energy 's is 3.4187. This would suggest that Melbana Energy 's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Melbana Energy overview

Melbana Energy Limited engages in the oil and gas exploration activities in Cuba and Australia. The company holds interests in the Tassie Shoal Methanol and LNG project located in Australia. It also has interests in the Block 9 production sharing contract and the Santa Cruz incremental oil recovery project in Cuba, as well as WA-488-P located in the Joseph Bonaparte Gulf in northern Australia. The company was formerly known as MEO Australia Limited and changed its name to Melbana Energy Limited in November 2016. Melbana Energy Limited was founded in 1994 and is headquartered in Melbourne, Australia.

Frequently asked questions

• What percentage of Melbana Energy is owned by insiders or institutions?

  Currently 34.344% of Melbana Energy shares are held by insiders and 0.035% by institutions.

• When does the fiscal year end for Melbana Energy ?

  Melbana Energy 's fiscal year ends in June.

• Where is Melbana Energy based?

  Melbana Energy 's address is: 350 Collins Street, Melbourne, VIC, Australia, 3000

• What is Melbana Energy 's ISIN number?

  Melbana Energy 's international securities identification number is: AU000000MAY8