How to buy Salt Lake Potash shares | A$0.575

Salt Lake Potash Limited is an other industrial metals & mining business based in Australia. Salt Lake Potash shares (SO4) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.575 – a decrease of 4.17% over the previous week. Salt Lake Potash has a trailing 12-month revenue of around $4.8 million.

How to buy shares in Salt Lake Potash

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 Salt Lake Potash . Find the share by name or ticker symbol: SO4. 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 Salt Lake Potash 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 $0.575, 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 Salt Lake Potash . 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 Salt Lake Potash 's share price?

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

Its last market close was $0.575, which is 4.17% down on its pre-crash value of $0.6 and 91.67% up on the lowest point reached during the March crash when the shares fell as low as $0.3.

If you had bought $1,000 worth of Salt Lake Potash shares at the start of February 2020, those shares would have been worth $515.63 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 $898.44.

Salt Lake Potash share price

Use our graph to track the performance of SO4 stocks over time.

Salt Lake Potash shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.575
52-week range	AUDA$0.3 - AUDA$0.86
50-day moving average	AUDA$0.5136
200-day moving average	AUDA$0.495
Target price	AUDA$1.08
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.137

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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 Salt Lake Potash 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 Salt Lake Potash Limited by TradingView

Salt Lake Potash price performance over time

Historical closes compared with the close of A$0.575 on 2020-10-22

1 week (2020-10-23)	4.55%
1 month (2020-10-01)	12.75%
3 months (2020-07-31)	0.88%
6 months (2020-05-01)	69.12%

1 year (2019-10-31)	-29.88%
2 years (2018-10-31)	18.56%
3 years (2017-10-31)	8.49%
5 years (2015-10-30)	219.44%

Salt Lake Potash financials

Revenue TTM	$4.8 million
Gross profit TTM	$-13,017,398
Return on assets TTM	-24.13%
Return on equity TTM	-42.06%
Profit margin	0%
Book value	0.168
Market capitalisation	$330 million

TTM: trailing 12 months

Salt Lake Potash share dividends

We're not expecting Salt Lake Potash to pay a dividend over the next 12 months.

Have Salt Lake Potash 's shares ever split?

Salt Lake Potash 's shares were split on a 1:30 basis on 26 November 2014. So if you had owned 30 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 Salt Lake Potash shares – just the quantity. However, indirectly, the new 2900% higher share price could have impacted the market appetite for Salt Lake Potash shares which in turn could have impacted Salt Lake Potash 's share price.

Salt Lake Potash share price volatility

Over the last 12 months, Salt Lake Potash 's shares have ranged in value from as little as $0.3 up to $0.86. 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 Salt Lake Potash 's is 1.1589. This would suggest that Salt Lake Potash 's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Salt Lake Potash overview

Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia. The company explores for sulphate of potash deposits. It primarily owns 11 salt lakes covering an area of approximately 5,000 square kilometers in the Northern Goldfields region of Western Australia. The company was formerly known as Wildhorse Energy Limited and changed its name to Salt Lake Potash Limited in November 2015. Salt Lake Potash Limited was incorporated in 2005 and is based in Perth, Australia.

Frequently asked questions

• What percentage of Salt Lake Potash is owned by insiders or institutions?

  Currently 15.191% of Salt Lake Potash shares are held by insiders and 18.544% by institutions.

• When does the fiscal year end for Salt Lake Potash ?

  Salt Lake Potash 's fiscal year ends in June.

• Where is Salt Lake Potash based?

  Salt Lake Potash 's address is: 239 Adelaide Terrace, Perth, WA, Australia, 6000

• What is Salt Lake Potash 's ISIN number?

  Salt Lake Potash 's international securities identification number is: AU000000SO44