Toronto Stock Exchange · Basic Materials
Invest in Alkane Resources stock from India
Indian and foreign residents can buy Alkane Resources (ALK) shares directly through Paasa.
By Paasa · Updated
Alkane Resources at a glance
- Price
- CA$1.88+CA$0.03 (1.62%)
- Market cap
- CA$2.57B
- Day range
- CA$1.87 – CA$1.91
- P/E
- 10.94
- Dividend yield
- 1.06%
- Volume
- 264.09K
- 1 month
- -2.08%
- 6 months
- +45.74%
- YTD
- +56.67%
- 1 year
- +84.31%
- 5 years
- +135.00%
Alkane Resources statements, FY2020–FY2023
| Fiscal year | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | A$173.0M | A$190.5M | A$165.0M | A$127.8M |
| Gross profit | A$70.1M | A$107.0M | A$97.5M | A$82.5M |
| Operating income | A$23.6M | A$58.8M | A$52.4M | A$49.3M |
| Net income | A$17.7M | A$42.5M | A$70.3M | A$55.7M |
| Earnings per share | A$0.03 | A$0.07 | A$0.12 | A$0.09 |
| EBITDA | A$62.9M | A$97.8M | A$137.3M | A$72.2M |
| Total assets | A$464.7M | A$412.2M | A$355.7M | A$236.2M |
| Total debt | A$49.0M | A$13.5M | A$15.0M | A$9.2M |
| Cash and short-term investments | A$45.5M | A$80.3M | A$77.9M | A$19.0M |
| Shareholders' equity | A$309.4M | A$300.0M | A$268.9M | A$191.6M |
| Operating cash flow | A$0.0 | A$0.0 | A$0.0 | A$0.0 |
| Free cash flow | −A$82.6M | A$3.7M | A$3.0M | −A$15.0M |
| Capital expenditure | −A$135.5M | −A$91.8M | −A$83.5M | −A$86.1M |
Fiscal years as reported, the latest ending 30 Jun 2024. Figures in AUD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Gatos Silver | GATO.TO | CA$21.59 | CA$1.50B |
| Montage Gold | MAU.V | CA$3.70 | CA$1.31B |
| Sabina Gold & Silver | SBB.TO | CA$2.16 | CA$1.20B |
| Karora Resources | KRR.TO | CA$6.70 | CA$1.20B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Alkane Resources from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search ALK and buy
Find Alkane Resources by name or by its ticker, ALK, and place your order.
Why invest in Alkane Resources from India
What Alkane Resources does
Based in Australia, Alkane Resources Ltd. focuses predominantly on the exploration and extraction of gold. Its prospecting efforts also encompass discovering deposits of copper, nickel, zinc, and silver. Alkane Resources operates in the Gold industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Alkane Resources stock from India?
Yes. Indian residents and NRIs can buy Alkane Resources (ALK) shares directly through Paasa. Alkane Resources is listed on the Toronto Stock Exchange, in the Gold industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Alkane Resources dividends taxed for Indian investors?
Alkane Resources trades on the Toronto Stock Exchange but is domiciled in Australia, so any withholding on its dividends follows that country's rules rather than those of Canada. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Alkane Resources shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.