How to buy Riedel Resources shares | A$0.021

Riedel Resources Limited is an other industrial metals & mining business based in Australia. Riedel Resources shares (RIE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.021 – the same closing value as a week prior. Riedel Resources has a trailing 12-month revenue of around $66,425.

How to buy shares in Riedel 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 Riedel Resources . Find the share by name or ticker symbol: RIE. 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 Riedel 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 $0.021, 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 Riedel 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 Riedel Resources 's share price?

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

Its last market close was $0.021, which is 42.86% up on its pre-crash value of $0.012 and 110.00% up on the lowest point reached during the March crash when the shares fell as low as $0.01.

If you had bought $1,000 worth of Riedel Resources shares at the start of February 2020, those shares would have been worth $666.67 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 $1,400.00.

Riedel Resources share price

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

Riedel Resources shares at a glance

• Key figures

Information last updated 2020-10-22.

Latest market close	AUDA$0.021
52-week range	AUDA$0.007 - AUDA$0.026
50-day moving average	AUDA$0.0174
200-day moving average	AUDA$0.0112
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.004

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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 Riedel 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 Riedel Resources Limited by TradingView

Riedel Resources price performance over time

Historical closes compared with the close of A$0.021 on 2020-10-22

1 week (2020-10-22)	0%
1 month (2020-09-29)	0%
3 months (2020-07-29)	200.00%
6 months (2020-04-29)	110.00%

1 year (2019-10-25)	N/A
2 years (2018-10-26)	-30.00%
3 years (2017-10-27)	-58.82%
5 years (2015-10-29)	84.21%

Riedel Resources financials

Revenue TTM	$66,425
Gross profit TTM	$66,425
Return on assets TTM	-28.52%
Return on equity TTM	-46.04%
Profit margin	0%
Book value	0.005
Market capitalisation	$8.8 million

TTM: trailing 12 months

Riedel Resources share dividends

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

Riedel Resources share price volatility

Over the last 12 months, Riedel Resources 's shares have ranged in value from as little as $0.007 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 Riedel Resources 's is 1.9317. This would suggest that Riedel Resources 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Riedel Resources overview

Riedel Resources Limited engages in the exploration and development of mineral properties. The company explores for gold and copper deposits. It holds 18.93% interest in the Marymia project located in Doolgunna-Thaduna regions of Western Australia. The company was incorporated in 2010 and is based in West Perth, Australia.

Frequently asked questions

• What percentage of Riedel Resources is owned by insiders?

  Currently 65.043% of Riedel Resources shares are held by insiders.

• When does the fiscal year end for Riedel Resources ?

  Riedel Resources 's fiscal year ends in June.

• Where is Riedel Resources based?

  Riedel Resources 's address is: 6 Richardson Street, West Perth, WA, Australia, 6005

• What is Riedel Resources 's ISIN number?

  Riedel Resources 's international securities identification number is: AU000000RIE2