How to buy Variscan Mines shares | A$0.037

Variscan Mines Limited is an other industrial metals & mining business based in Australia. Variscan Mines shares (VAR) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.037 – the same closing value as a week prior. Variscan Mines has a trailing 12-month revenue of around $1,692.

How to buy shares in Variscan Mines

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 Variscan Mines . Find the share by name or ticker symbol: VAR. 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 Variscan Mines 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 $0.037, 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 Variscan Mines . 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 Variscan Mines 's share price?

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

Its last market close was $0.037, which is 24.32% up on its pre-crash value of $0.028 and 270.00% 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 Variscan Mines shares at the start of February 2020, those shares would have been worth $363.64 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 $1,121.21.

Variscan Mines share price

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

Variscan Mines shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.037
52-week range	AUDA$0.002 - AUDA$0.05
50-day moving average	AUDA$0.035
200-day moving average	AUDA$0.0227
Target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.0127

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AUD 8

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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 Variscan Mines 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 Variscan Mines Limited by TradingView

Variscan Mines price performance over time

Historical closes compared with the close of A$0.037 on 2020-10-22

1 week (2020-10-23)	0%
1 month (2020-09-30)	2.78%
3 months (2020-07-30)	54.17%
6 months (2020-04-30)	146.67%

1 year (2019-10-30)	-7.50%
2 years (2018-10-30)	-7.50%
3 years (2017-10-30)	-72.75%
5 years (2015-10-30)	-92.56%

Variscan Mines financials

Revenue TTM	$1,692
Gross profit TTM	$1,692
Return on assets TTM	-19.53%
Return on equity TTM	-33.23%
Profit margin	0%
Book value	0.027
Market capitalisation	$8.2 million

TTM: trailing 12 months

Variscan Mines share dividends

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

Have Variscan Mines 's shares ever split?

Variscan Mines 's shares were split on a 1:20 basis on 26 December 2019. So if you had owned 20 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 Variscan Mines shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Variscan Mines shares which in turn could have impacted Variscan Mines 's share price.

Variscan Mines share price volatility

Over the last 12 months, Variscan Mines 's shares have ranged in value from as little as $0.002 up to $0.05. 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 Variscan Mines 's is 2.9415. This would suggest that Variscan Mines 's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Variscan Mines overview

Variscan Mines Limited engages in the acquisition, exploration, and development of mineral properties. It explores for zinc, copper, gold, lead, uranium, and precious metal deposits. The company owns interests in the Novales/Udias and Guajaraz projects located in Spain; the Rosario project located to the east of the port city of Chanaral, Chile; and the Junction Dam and Callabonna tenements located in South Australia. The company was formerly known as PlatSearch NL and changed its name to Variscan Mines Limited in January 2014. Variscan Mines Limited was incorporated in 1987 and is based in Perth, Australia.

Frequently asked questions

• What percentage of Variscan Mines is owned by insiders or institutions?

  Currently 26.497% of Variscan Mines shares are held by insiders and 19.409% by institutions.

• When does the fiscal year end for Variscan Mines ?

  Variscan Mines 's fiscal year ends in June.

• Where is Variscan Mines based?

  Variscan Mines 's address is: 7 The Esplanade, Perth, WA, Australia, 6153

• What is Variscan Mines 's ISIN number?

  Variscan Mines 's international securities identification number is: AU000000VAR3