How to buy Mincor Resources NL shares | A$0.915

Mincor Resources NL is an other industrial metals & mining business based in Australia. Mincor Resources NL shares (MCR) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.915 – an increase of 4.57% over the previous week. Mincor Resources NL has a trailing 12-month revenue of around $21.4 million.

How to buy shares in Mincor 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 Mincor Resources NL. Find the share by name or ticker symbol: MCR. 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 Mincor 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 $0.915, 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 Mincor 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 Mincor Resources NL's share price?

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

Its last market close was $0.915, which is 26.23% up on its pre-crash value of $0.675 and 144.00% up on the lowest point reached during the March crash when the shares fell as low as $0.375.

If you had bought $1,000 worth of Mincor Resources NL shares at the start of February 2020, those shares would have been worth $642.86 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 $1,452.38.

Mincor Resources NL share price

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

Mincor Resources NL shares at a glance

• Key figures

Information last updated 2020-10-14.

Latest market close	AUDA$0.915
52-week range	AUDA$0.46 - AUDA$0.955
50-day moving average	AUDA$0.8567
200-day moving average	AUDA$0.7282
Target price	AUDA$0.55
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.061

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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 Mincor 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 Mincor Resources NL by TradingView

Mincor Resources NL price performance over time

Historical closes compared with the close of A$0.915 on 2020-10-21

1 week (2020-10-12)	2.81%
1 month (2020-09-22)	6.40%
3 months (2020-07-20)	22.00%
6 months (2020-04-20)	53.78%

1 year (2019-10-18)	44.09%
2 years (2018-10-19)	147.30%
3 years (2017-10-20)	195.16%
5 years (2015-10-20)	258.82%

Is Mincor Resources NL under- or over-valued?

Valuing Mincor Resources NL stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mincor Resources NL's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mincor Resources NL's EBITDA

Mincor Resources NL's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.3 million.

The EBITDA is a measure of a Mincor Resources NL's overall financial performance and is widely used to measure a its profitability.

Mincor Resources NL financials

Revenue TTM	$21.4 million
Gross profit TTM	$2.2 million
Return on assets TTM	-14%
Return on equity TTM	-29.92%
Profit margin	-66.63%
Book value	0.167
Market capitalisation	$377.4 million

TTM: trailing 12 months

Mincor Resources NL share dividends

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

Have Mincor Resources NL's shares ever split?

Mincor Resources NL's shares were split on a 105:100 basis on 28 December 2000. So if you had owned 100 shares the day before before the split, the next day you'd have owned 105 shares. This wouldn't directly have changed the overall worth of your Mincor Resources NL shares – just the quantity. However, indirectly, the new 4.8% lower share price could have impacted the market appetite for Mincor Resources NL shares which in turn could have impacted Mincor Resources NL's share price.

Mincor Resources NL share price volatility

Over the last 12 months, Mincor Resources NL's shares have ranged in value from as little as $0.46 up to $0.955. 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 Mincor Resources NL's is 1.1583. This would suggest that Mincor Resources NL's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Mincor Resources NL overview

Mincor Resources NL engages in the exploration, development, and mining of mineral resources in Australia. It explores for gold, nickel, and copper deposits. The company holds interests in the Durkin North, Miitel/Burnett, and Cassini nickel projects, as well as holds 100% interest in Widgiemooltha gold project located in Kambalda, Western Australia. It also holds interests in the Tottenham copper-gold project located in the Lachlan Fold Belt of New South Wales. The company was formerly known as Africwest Gold NL and changed its name to Mincor Resources NL in October 1999. Mincor Resources NL was incorporated in 1996 and is headquartered in West Perth, Australia.

Frequently asked questions

• What percentage of Mincor Resources NL is owned by insiders or institutions?

  Currently 24.424% of Mincor Resources NL shares are held by insiders and 1.376% by institutions.

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

  Mincor Resources NL's fiscal year ends in June.

• Where is Mincor Resources NL based?

  Mincor Resources NL's address is: 9 Havelock Street, West Perth, WA, Australia, 6005

• What is Mincor Resources NL's ISIN number?

  Mincor Resources NL's international securities identification number is: AU000000MCR8