How to buy Ora Banda Mining shares | A$0.335

Ora Banda Mining Limited is a gold business based in Australia. Ora Banda Mining shares (OBM) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.335 – the same closing value as a week prior. Ora Banda Mining has a trailing 12-month revenue of around $335,000.

How to buy shares in Ora Banda Mining

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 Ora Banda Mining . Find the share by name or ticker symbol: OBM. 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 Ora Banda Mining 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 $0.335, 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 Ora Banda Mining . 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 Ora Banda Mining 's share price?

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

Its last market close was $0.335, which is 44.78% up on its pre-crash value of $0.185 and 256.38% up on the lowest point reached during the March crash when the shares fell as low as $0.094.

If you had bought $1,000 worth of Ora Banda Mining shares at the start of February 2020, those shares would have been worth $510.53 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 $1,763.16.

Ora Banda Mining share price

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

Ora Banda Mining shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.335
52-week range	AUDA$0.094 - AUDA$0.42
50-day moving average	AUDA$0.3567
200-day moving average	AUDA$0.2865
Target price	N/A
PE ratio	1.3822
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.065

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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 Ora Banda Mining 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 Ora Banda Mining Limited by TradingView

Ora Banda Mining price performance over time

Historical closes compared with the close of A$0.335 on 2020-10-22

1 week (2020-10-16)	0%
1 month (2020-09-23)	-4.29%
3 months (2020-07-23)	6.35%
6 months (2020-04-23)	63.41%

1 year (2019-10-23)	86.11%
2 years (2018-10-23)	-64.27%
3 years (2017-10-23)	-82.39%
5 years (2015-10-23)	-98.60%

Is Ora Banda Mining under- or over-valued?

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

Ora Banda Mining 's P/E ratio

Ora Banda Mining 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Ora Banda Mining shares trade at around 1x 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.

Ora Banda Mining financials

Revenue TTM	$335,000
Gross profit TTM	$-186,000
Return on assets TTM	-6.9%
Return on equity TTM	-16.01%
Profit margin	0%
Book value	0.081
Market capitalisation	$280.9 million

TTM: trailing 12 months

Ora Banda Mining share dividends

We're not expecting Ora Banda Mining to pay a dividend over the next 12 months.

Have Ora Banda Mining 's shares ever split?

Ora Banda Mining 's shares were split on a 1:15 basis on 11 June 2019. So if you had owned 15 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 Ora Banda Mining shares – just the quantity. However, indirectly, the new 1400% higher share price could have impacted the market appetite for Ora Banda Mining shares which in turn could have impacted Ora Banda Mining 's share price.

Ora Banda Mining share price volatility

Over the last 12 months, Ora Banda Mining 's shares have ranged in value from as little as $0.094 up to $0.42. 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 Ora Banda Mining 's is 0.4975. This would suggest that Ora Banda Mining 's shares are less volatile than average (for this exchange).

Ora Banda Mining overview

Ora Banda Mining Limited engages in the exploration and evaluation of mineral properties in Australia. The company explores for gold, nickel, and base metal deposits. It holds interests in the Davyhurst Gold project comprises 112 mineral tenements covering an area of approximately 1,336 square kilometers located in North West of Kalgoorlie, Western Australia. Its production deposits also include Riverina, Sand King, Missouri, Waihi, Callion, Lady Ida, Mulline, and Golden Eagle projects. The company was formerly known as Eastern Goldfields Limited and changed its name to Ora Banda Mining Limited in June 2019. Ora Banda Mining Limited was incorporated in 2002 and is based in West Perth, Australia.

Frequently asked questions

• What percentage of Ora Banda Mining is owned by insiders or institutions?

  Currently 64.562% of Ora Banda Mining shares are held by insiders and 5.959% by institutions.

• When does the fiscal year end for Ora Banda Mining ?

  Ora Banda Mining 's fiscal year ends in June.

• Where is Ora Banda Mining based?

  Ora Banda Mining 's address is: 2 Kings Park Road, West Perth, WA, Australia, 6005