Toronto Stock Exchange · Basic Materials
Invest in FireFly Metals stock from India
Indian and foreign residents can buy FireFly Metals (FFM) shares directly through Paasa.
By Paasa · Updated
FireFly Metals at a glance
- Price
- CA$1.73+CA$0.04 (2.37%)
- Market cap
- CA$1.50B
- Day range
- CA$1.69 – CA$1.73
- P/E
- —
- Dividend yield
- None
- Volume
- 45.44K
- 1 month
- -8.47%
- 6 months
- +8.81%
- YTD
- -7.49%
- 1 year
- +45.38%
- 5 years
- +92.22%
How to invest in FireFly Metals 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 FFM and buy
Find FireFly Metals by name or by its ticker, FFM, and place your order.
Why invest in FireFly Metals from India
What FireFly Metals does
FireFly Metals Ltd engages in the exploration and evaluation of mineral deposits in Australia and Canada. The company operates through three segments: Green Bay; Pickle Grow; and Limestone Well. FireFly Metals operates in the Other Precious Metals 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 FireFly Metals stock from India?
Yes. Indian residents and NRIs can buy FireFly Metals (FFM) shares directly through Paasa. FireFly Metals is listed on the Toronto Stock Exchange, in the Other Precious Metals 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 FireFly Metals dividends taxed for Indian investors?
FireFly Metals 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 FireFly Metals 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.