How to buy Metals X (MLX) shares
Learn how to easily invest in Metals X shares.
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Metals X is an other industrial metals & mining business based in Australia. Metals X shares (MLX) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Metals X has a trailing 12-month revenue of around $93.8 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Metals X
- 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 Metals X . Find the share by name or ticker symbol: MLX. 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 Metals X 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 Metals X . 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?
Metals X stock price (ASX:MLX)Use our graph to track the performance of MLX stocks over time.
Metals X shares at a glance
|52-week range||$0.13 - $0.59|
|50-day moving average||$0.4565|
|200-day moving average||$0.3228|
|Dividend yield||$0.01 (1.79%)|
|Earnings per share (TTM)||$0.096|
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 Metals X 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.
Metals X price performance over time
|1 week (2022-01-14)||-1.82%|
|1 month (2021-12-22)||21.35%|
|3 months (2021-10-22)||45.95%|
|6 months (2021-07-22)||125.00%|
|1 year (2021-01-22)||217.65%|
|2 years (2020-01-21)||513.64%|
|3 years (2019-01-21)||25.12%|
|5 years (2017-01-20)||-21.58%|
Is Metals X under- or over-valued?
Valuing Metals X stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Metals X 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Metals X 's P/E ratio
Metals X 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Metals X shares trade at around 6x 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.
Metals X 's EBITDA
Metals X 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $29.2 million (£0.0 million).
The EBITDA is a measure of a Metals X 's overall financial performance and is widely used to measure a its profitability.
Metals X financials
|Revenue TTM||$93.8 million|
|Operating margin TTM||15.57%|
|Gross profit TTM||$19.2 million|
|Return on assets TTM||5.48%|
|Return on equity TTM||24.08%|
|Market capitalisation||$499 million|
TTM: trailing 12 months
Metals X share dividends
We're not expecting Metals X to pay a dividend over the next 12 months.
Have Metals X 's shares ever split?
Metals X 's shares were split on a 1:4 basis on 27 November 2014. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Metals X shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Metals X shares which in turn could have impacted Metals X 's share price.
Metals X share price volatility
Over the last 12 months, Metals X 's shares have ranged in value from as little as $0.13 up to $0.59. 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 Metals X 's is 1.3423. This would suggest that Metals X 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Metals X overview
Metals X Limited engages in the production of tin in Australia. It holds a 50% interest in the Renison tin project located on the west coast of Tasmania. The company was incorporated in 2004 and is based in Perth, Australia.
Stocks similar to Metals X
Metals X in the news
Is Metals X Limited's (ASX:MLX) Latest Stock Performance A Reflection Of Its Financial Health?
Frequently asked questions
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