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How to buy Classic Minerals (CLZ) shares in Australia

Learn how to easily invest in Classic Minerals shares.

Classic Minerals is an other industrial metals & mining business based in Australia. Classic Minerals shares (CLZ) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Classic Minerals has a trailing 12-month revenue of around $988,293. If you're looking to buy shares, check out the steps below.

How to buy shares in Classic Minerals

To buy shares listed in Australia such as Classic Minerals, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Classic Minerals.
    Find the share by name or ticker symbol: CLZ. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Classic Minerals reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. 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.
  5. Check on your investment.
    Congratulations, you own a part of Classic Minerals. Optimise your portfolio by tracking how your stock and 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 affect your stock.

Classic Minerals stock price (ASX:CLZ)

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

Classic Minerals shares at a glance

Information last updated 2024-05-16.
52-week range$0.006 - $0.05
50-day moving average $0.0089
200-day moving average $0.0089
Target priceN/A
PE ratio 0.0111
Dividend yield N/A (0%)
Earnings per share (TTM) $0.54

Compare share trading platforms

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.
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Is it a good time to buy Classic Minerals stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.

Classic Minerals price performance over time

Historical closes compared with the last close of A$0.006

1 week (2024-05-13) -14.29%
1 month (2024-04-19) -25.00%
3 months (2024-02-21) -88.00%
6 months (2023-11-21) -88.00%
1 year (2023-05-19) -88.00%
2 years (2022-05-20) -88.00%
3 years (2021-05-21) -94.00%
5 years (2019-05-17) inf%

Is Classic Minerals under- or over-valued?

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

Classic Minerals's P/E ratio

Classic Minerals's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 0x. In other words, Classic Minerals shares trade at around 0x recent earnings.

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

Classic Minerals financials

Revenue TTM $988,293
Gross profit TTM $811,106
Return on assets TTM -65.95%
Return on equity TTM -539.43%
Profit margin 0%
Book value -0.034
Market capitalisation $2 million

TTM: trailing 12 months

Classic Minerals share dividends

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

Have Classic Minerals's shares ever split?

Classic Minerals's shares were split on a 1:50 basis on 19 March 2024. So if you had owned 50 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your Classic Minerals shares – just the quantity. However, indirectly, the new 4900% higher share price could have impacted the market appetite for Classic Minerals shares which in turn could have impacted Classic Minerals's share price.

Classic Minerals share price volatility

Over the last 12 months, Classic Minerals's shares have ranged in value from as little as $0.006 up to $0.05. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Classic Minerals's is 0.135. This would suggest that Classic Minerals's shares are less volatile than average (for this exchange).

Classic Minerals overview

Classic Minerals Limited engages in the exploration of mineral resource-based projects in Australia. It primarily explores for gold and nickel deposits. The company's flagship project is the Kat Gap gold project located in Western Australia. It also holds interest in the Forrestania gold project located to the south of Southern Cross, Western Australia; and the Fraser Range project. The company was formerly known as Broad Resources Limited and changed its name to Classic Minerals Limited in 2007. Classic Minerals Limited was incorporated in 2006 and is based in Landsdale, Australia.

Classic Minerals in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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