How to buy Prospect Resources shares | A$0.12

Prospect Resources Limited is an other industrial metals & mining business based in Australia. Prospect Resources shares (PSC) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.12 – a decrease of 22.58% over the previous week. Prospect Resources has a trailing 12-month revenue of around $314,000.

How to buy shares in Prospect 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 Prospect Resources . Find the share by name or ticker symbol: PSC. 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 Prospect 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 $0.12, 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 Prospect 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 Prospect Resources 's share price?

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

Its last market close was $0.12, which is 29.41% down on its pre-crash value of $0.17 and 20.00% up on the lowest point reached during the March crash when the shares fell as low as $0.1.

If you had bought $1,000 worth of Prospect Resources shares at the start of February 2020, those shares would have been worth $555.56 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 $666.67.

Prospect Resources share price

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

Prospect Resources shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.12
52-week range	AUDA$0.06 - AUDA$0.275
50-day moving average	AUDA$0.1683
200-day moving average	AUDA$0.1263
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.035

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AUD 8

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• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
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Important: Share trading carries risk of capital loss.

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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 Prospect 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 Prospect Resources Limited by TradingView

Prospect Resources price performance over time

Historical closes compared with the close of A$0.12 on 2020-10-22

1 week (2020-10-14)	-29.41%
1 month (2020-09-22)	-27.27%
3 months (2020-07-21)	-17.24%
6 months (2020-04-21)	33.33%

1 year (2019-10-21)	-8.05%
2 years (2018-10-19)	-50.62%
3 years (2017-10-20)	-55.56%
5 years (2015-10-21)	242.86%

Prospect Resources financials

Revenue TTM	$314,000
Gross profit TTM	$54,000
Return on assets TTM	-9.37%
Return on equity TTM	-16.41%
Profit margin	0%
Book value	0.102
Market capitalisation	$37.2 million

TTM: trailing 12 months

Prospect Resources share dividends

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

Have Prospect Resources 's shares ever split?

Prospect Resources 's shares were split on a 1:10 basis on 12 June 2019. So if you had owned 10 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 Prospect Resources shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Prospect Resources shares which in turn could have impacted Prospect Resources 's share price.

Prospect Resources share price volatility

Over the last 12 months, Prospect Resources 's shares have ranged in value from as little as $0.06 up to $0.275. 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 Prospect Resources 's is 2.5677. This would suggest that Prospect Resources 's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Prospect Resources overview

Prospect Resources Limited engages in exploration, evaluation, and development of mineral resources in Zimbabwe. The company primarily explores for lithium and gold deposits. Its flagship project is the Arcadia lithium project that covers an area of approximately 10 square kilometers of granted mining lease located to the east of Harare, Zimbabwe. The company was incorporated in 2007 and is headquartered in Subiaco, Australia.

Frequently asked questions

• What percentage of Prospect Resources is owned by insiders?

  Currently 39.066% of Prospect Resources shares are held by insiders.

• When does the fiscal year end for Prospect Resources ?

  Prospect Resources 's fiscal year ends in June.

• Where is Prospect Resources based?

  Prospect Resources 's address is: 245 Churchill Avenue, Subiaco, WA, Australia, 6008

• What is Prospect Resources 's ISIN number?

  Prospect Resources 's international securities identification number is: AU000000PSC9