How to buy Pelican Resources shares | A$0.017

Pelican Resources Limited is an other industrial metals & mining business based in Australia. Pelican Resources shares (PEL) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.017 – the same closing value as a week prior. Pelican Resources has a trailing 12-month revenue of around $601,317.

How to buy shares in Pelican 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 Pelican Resources . Find the share by name or ticker symbol: PEL. 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 Pelican 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 Pelican 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 Pelican Resources 's share price?

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

Its last market close was $0.017, which is 0.00% up on its pre-crash value of $0.017 and 0.00% up on the lowest point reached during the March crash when the shares fell as low as $0.017.

If you had bought $1,000 worth of Pelican Resources shares at the start of February 2020, those shares would have been worth $1,000.00 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 $1,000.00.

Pelican Resources share price

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

Pelican Resources shares at a glance

• Key figures

Information last updated 2020-09-29.

Latest market close	AUDA$0.017
52-week range	AUDA$0.017 - AUDA$0.017
50-day moving average	AUDA$0.017
200-day moving average	AUDA$0.017
Target price	N/A
PE ratio	1.9101
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.0004

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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 Pelican 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 Pelican Resources Limited by TradingView

Pelican Resources price performance over time

Historical closes compared with the close of A$0.017 on 2020-10-20

1 week (2020-10-13)	0%
1 month (2020-09-21)	0%
3 months (2020-07-20)	0%
6 months (2020-04-20)	0%

1 year (2019-10-18)	0%
2 years (2018-10-19)	-5.56%
3 years (2017-10-20)	-5.56%
5 years (2015-10-20)	54.55%

Is Pelican Resources under- or over-valued?

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

Pelican Resources 's P/E ratio

Pelican Resources 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 2x. In other words, Pelican Resources shares trade at around 2x 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.

Pelican Resources financials

Revenue TTM	$601,317
Gross profit TTM	$601,317
Return on assets TTM	-7.81%
Return on equity TTM	0.68%
Profit margin	3.59%
Book value	0.009
Market capitalisation	$6.2 million

TTM: trailing 12 months

Pelican Resources share dividends

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

Have Pelican Resources 's shares ever split?

Pelican Resources 's shares were split on 9 June 2009.

Pelican Resources share price volatility

Over the last 12 months, Pelican Resources 's shares have ranged in value from as little as $0.017 up to $0.017. 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 Pelican Resources 's is 0.0265. This would suggest that Pelican Resources 's shares are less volatile than average (for this exchange).

Pelican Resources overview

Pelican Resources Limited focuses on the resources sector. The company was incorporated in 1994 and is based in Perth, Australia.

Frequently asked questions

• What percentage of Pelican Resources is owned by insiders?

  Currently 59.246% of Pelican Resources shares are held by insiders.

• When does the fiscal year end for Pelican Resources ?

  Pelican Resources 's fiscal year ends in June.

• Where is Pelican Resources based?

  Pelican Resources 's address is: BGC Centre, Perth, WA, Australia, 6000

• What is Pelican Resources 's ISIN number?

  Pelican Resources 's international securities identification number is: AU000000PEL0