How to buy Spectrum Metals (SPX) shares

Spectrum Metals Limited is a gold business based in Australia. Spectrum Metals shares (SPX) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Spectrum Metals has a trailing 12-month revenue of around $477. If you're looking to buy shares, check out the steps below.

How to buy shares in Spectrum Metals

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 Spectrum Metals . Find the share by name or ticker symbol: SPX. 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 Spectrum Metals 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, 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 Spectrum Metals . 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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Spectrum Metals stock price (ASX:SPX)

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IG Share Trading Finder Award		AUD $8 or 0.1%	$50 per quarter if you make fewer than three trades in that period	ASX shares, Global shares	$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares. Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.	Go to site More Info	Compare	loading Fetching your data...
Superhero share trading		AUD $5	No	ASX shares, US shares, ETFs	Australia’s lowest-cost broker for ASX shares and ETFs. Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.	Go to site More Info	Compare	loading Fetching your data...
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Bell Direct Share Trading Finder AwardExclusive		AUD $15	No	ASX shares, mFunds, ETFs	Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.	Go to site More Info	Compare	loading Fetching your data...
Saxo Capital Markets (Classic account) Finder Award		AUD $6.99	No	ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs	Acess 19,000+ stocks on 37 exchanges worldwide Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.	Go to site More Info	Compare	loading Fetching your data...

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Is it a good time to buy Spectrum Metals 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.

Spectrum Metals share dividends

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

Have Spectrum Metals 's shares ever split?

Spectrum Metals 's shares were split on a 7:5 basis on 12 September 2012. So if you had owned 5 shares the day before before the split, the next day you'd have owned 7 shares. This wouldn't directly have changed the overall worth of your Spectrum Metals shares – just the quantity. However, indirectly, the new 28.6% lower share price could have impacted the market appetite for Spectrum Metals shares which in turn could have impacted Spectrum Metals 's share price.

Spectrum Metals share price volatility

Over the last 12 months, Spectrum Metals 's shares have ranged in value from as little as $0 up to $0. 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 Spectrum Metals 's is -0.6674. This would suggest that Spectrum Metals 's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Spectrum Metals has bucked the trend.

Spectrum Metals overview

Spectrum Metals Limited engages in the exploration and extraction of mineral properties in Australia. It holds 100% interests in the First Hit gold project that consists of two mining and two prospecting leases covering an area of 457 ha located to the west of the town of Menzies in Western Australia; and the Penny West gold project comprising two mining leases covering an area of 878 ha situated in the Murchison Province, Western Australia. The company was formerly known as Spectrum Rare Earths Limited and changed its name to Spectrum Metals Limited in September 2018. Spectrum Metals Limited was incorporated in 2005 and is based in Inglewood, Australia.

Frequently asked questions

• What percentage of Spectrum Metals is owned by institutions?

  Currently 7.901% of Spectrum Metals shares are held by institutions.

• When does the fiscal year end for Spectrum Metals ?

  Spectrum Metals 's fiscal year ends in June.

• Where is Spectrum Metals based?

  Spectrum Metals 's address is: 827 Beaufort Street, Inglewood, WA, Australia, 6052