How to buy RMG shares | A$0.007

RMG Limited is a copper business based in Australia. RMG shares (RMG) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.007 – the same closing value as a week prior. RMG has a trailing 12-month revenue of around $37,072.

How to buy shares in RMG

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 RMG . Find the share by name or ticker symbol: RMG. 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 RMG 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 $0.007, 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 RMG . 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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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted RMG 's share price?

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

Its last market close was $0.007, which is 0.00% up on its pre-crash value of $0.007 and 0.00% up on the lowest point reached during the March crash when the shares fell as low as $0.007.

If you had bought $1,000 worth of RMG 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.

RMG share price

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

RMG shares at a glance

• Key figures

Information last updated 2020-10-03.

Latest market close	AUDA$0.007
52-week range	AUDA$0.007 - AUDA$0.007
50-day moving average	AUDA$0.007
200-day moving average	AUDA$0.007
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.003

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

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Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

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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 RMG 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 RMG Limited by TradingView

RMG price performance over time

Historical closes compared with the close of A$0.007 on 2020-10-19

1 week (2020-10-13)	0%
1 month (2020-09-18)	0%
3 months (2020-07-20)	0%
6 months (2020-04-20)	0%

1 year (2019-10-18)	0%
2 years (2018-10-19)	-65.00%
3 years (2017-10-20)	-53.33%
5 years (2015-10-20)	-50.00%

RMG financials

Revenue TTM	$37,072
Gross profit TTM	$37,072
Return on assets TTM	-24.57%
Return on equity TTM	-276.48%
Profit margin	0%
Book value	0.001
Market capitalisation	$4.2 million

TTM: trailing 12 months

RMG share dividends

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

Have RMG 's shares ever split?

RMG 's shares were split on a 1:33 basis on 9 September 2014. So if you had owned 33 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 RMG shares – just the quantity. However, indirectly, the new 3200% higher share price could have impacted the market appetite for RMG shares which in turn could have impacted RMG 's share price.

RMG share price volatility

Over the last 12 months, RMG 's shares have ranged in value from as little as $0.007 up to $0.007. 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 RMG 's is 0.3707. This would suggest that RMG 's shares are less volatile than average (for this exchange).

RMG overview

RMG Limited engages in the exploration and development of mineral properties. It explores for gold and copper deposits. Its principal asset is the Tuina project that comprises approximately 170 square kilometers of mining licenses located in the northern Chile. The company was incorporated in 1994 and is based in Subiaco, Australia.

Frequently asked questions

• What percentage of RMG is owned by insiders or institutions?

  Currently 75.484% of RMG shares are held by insiders and 3.439% by institutions.

• When does the fiscal year end for RMG ?

  RMG 's fiscal year ends in June.

• Where is RMG based?

  RMG 's address is: 12-20 Railway Road, Subiaco, WA, Australia, 6008

• What is RMG 's ISIN number?

  RMG 's international securities identification number is: AU000000RMG9