How to buy Tanami Gold NL shares | A$0.075

Tanami Gold NL is a gold business based in Australia. Tanami Gold NL shares (TAM) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.075 – the same closing value as a week prior. and has a market cap (total outstanding shares value) of $87 million.

How to buy shares in Tanami Gold NL

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 Tanami Gold NL. Find the share by name or ticker symbol: TAM. 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 Tanami Gold NL 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 $0.075, 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 Tanami Gold NL. 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 Tanami Gold NL's share price?

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

Its last market close was $0.075, which is 29.33% up on its pre-crash value of $0.053 and 120.59% up on the lowest point reached during the March crash when the shares fell as low as $0.034.

If you had bought $1,000 worth of Tanami Gold NL shares at the start of February 2020, those shares would have been worth $850.00 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 $1,875.00.

Tanami Gold NL share price

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

Tanami Gold NL shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.075
52-week range	AUDA$0.034 - AUDA$0.084
50-day moving average	AUDA$0.0651
200-day moving average	AUDA$0.0597
Target price	AUDA$0.04
PE ratio	375
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.015

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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 Tanami Gold NL 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 Tanami Gold NL by TradingView

Tanami Gold NL price performance over time

Historical closes compared with the close of A$0.075 on 2020-10-22

1 week (2020-10-16)	0%
1 month (2020-09-25)	31.58%
3 months (2020-07-23)	-6.25%
6 months (2020-04-23)	78.57%

1 year (2019-10-23)	70.45%
2 years (2018-10-23)	141.94%
3 years (2017-10-23)	82.93%
5 years (2015-10-23)	20.97%

Is Tanami Gold NL under- or over-valued?

Valuing Tanami Gold NL stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tanami Gold NL's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tanami Gold NL's P/E ratio

Tanami Gold NL's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 375x. In other words, Tanami Gold NL shares trade at around 375x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Tanami Gold NL financials

Gross profit TTM	$0
Return on assets TTM	-1.01%
Return on equity TTM	0.4%
Profit margin	0%
Book value	0.042
Market capitalisation	$87 million

TTM: trailing 12 months

Tanami Gold NL share dividends

We're not expecting Tanami Gold NL to pay a dividend over the next 12 months.

Have Tanami Gold NL's shares ever split?

Tanami Gold NL's shares were split on a 1:30 basis on 23 August 2010. 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 Tanami Gold NL shares – just the quantity. However, indirectly, the new 2900% higher share price could have impacted the market appetite for Tanami Gold NL shares which in turn could have impacted Tanami Gold NL's share price.

Tanami Gold NL share price volatility

Over the last 12 months, Tanami Gold NL's shares have ranged in value from as little as $0.034 up to $0.084. 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 Tanami Gold NL's is 0.1472. This would suggest that Tanami Gold NL's shares are less volatile than average (for this exchange).

Tanami Gold NL overview

Tanami Gold NL, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Australia. Its flagship project is the Central Tanami Project located in the Tanami Desert in the Northern Territory. The company was incorporated in 1968 and is based in South Perth, Australia.

Frequently asked questions

• What percentage of Tanami Gold NL is owned by insiders or institutions?

  Currently 61.142% of Tanami Gold NL shares are held by insiders and 0.153% by institutions.

• When does the fiscal year end for Tanami Gold NL?

  Tanami Gold NL's fiscal year ends in June.

• Where is Tanami Gold NL based?

  Tanami Gold NL's address is: 39 Mends Street, South Perth, WA, Australia, 6151

• What is Tanami Gold NL's ISIN number?

  Tanami Gold NL's international securities identification number is: AU000000TAM8