How to buy Middle Island Resources shares | A$0.017

Middle Island Resources Limited is a gold business based in Australia. Middle Island Resources shares (MDI) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.017 – a decrease of 5.56% over the previous week. Middle Island Resources has a trailing 12-month revenue of around $14,756.

How to buy shares in Middle Island Resources

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 Middle Island Resources . Find the share by name or ticker symbol: MDI. 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 Middle Island Resources 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 $0.017, 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 Middle Island 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.

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How has coronavirus impacted Middle Island Resources 's share price?

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

Its last market close was $0.017, which is 58.82% up on its pre-crash value of $0.007 and 325.00% up on the lowest point reached during the March crash when the shares fell as low as $0.004.

If you had bought $1,000 worth of Middle Island Resources shares at the start of February 2020, those shares would have been worth $1,250.00 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 $4,250.00.

Middle Island Resources share price

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

Middle Island Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.017
52-week range	AUDA$0.004 - AUDA$0.026
50-day moving average	AUDA$0.0167
200-day moving average	AUDA$0.0167
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.003

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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 Middle Island 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.

Technical Analysis of Middle Island Resources Limited by TradingView

Middle Island Resources price performance over time

Historical closes compared with the close of A$0.017 on 2020-10-22

1 week (2020-10-16)	-5.56%
1 month (2020-09-25)	0%
3 months (2020-07-24)	-29.17%
6 months (2020-04-24)	30.77%

1 year (2019-10-23)	183.33%
2 years (2018-10-24)	82.80%
3 years (2017-10-24)	-13.27%
5 years (2015-10-22)	N/A

Middle Island Resources financials

Revenue TTM	$14,756
Gross profit TTM	$14,756
Return on assets TTM	-31%
Return on equity TTM	-64.81%
Profit margin	0%
Book value	0.003
Market capitalisation	$49.8 million

TTM: trailing 12 months

Middle Island Resources share dividends

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

Middle Island Resources share price volatility

Over the last 12 months, Middle Island Resources 's shares have ranged in value from as little as $0.004 up to $0.026. 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 Middle Island Resources 's is 0.9076. This would suggest that Middle Island Resources 's shares are less volatile than average (for this exchange).

Middle Island Resources overview

Middle Island Resources Limited operates as a gold exploration and development company in Australia. It holds a 100% interest in the Sandstone Gold Project that includes two granted mining leases located in the East Murchison Mineral Field of Western Australia; and the Barkly copper gold project that comprises 10 exploration license applications covering 3,253 square kilometers located within the Barkly region of the Northern Territory. The company was incorporated in 2010 and is headquartered in West Perth, Australia.

Frequently asked questions

• What percentage of Middle Island Resources is owned by insiders or institutions?

  Currently 59.683% of Middle Island Resources shares are held by insiders and 0.959% by institutions.

• When does the fiscal year end for Middle Island Resources ?

  Middle Island Resources 's fiscal year ends in June.

• Where is Middle Island Resources based?

  Middle Island Resources 's address is: 2 Richardson Street, West Perth, WA, Australia, 6005

• What is Middle Island Resources 's ISIN number?

  Middle Island Resources 's international securities identification number is: AU000000MDI5