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Magmatic Resources Ltd. ( (AU:MAG) ) just unveiled an update.
Magmatic Resources Ltd. responded to an ASX inquiry regarding a recent increase in the price and trading volume of its securities, stating it is unaware of any undisclosed information that could explain the trading activity. The company highlighted its recent completion of a drilling program at the Weebo Gold Project and the pending assay results, which are expected soon. Magmatic Resources assured compliance with ASX listing rules and emphasized its confidentiality measures for assay results.
More about Magmatic Resources Ltd.
Magmatic Resources Ltd. operates in the mining industry, focusing on exploration and development of mineral resources, particularly gold projects in Western Australia.
Average Trading Volume: 460,404
Technical Sentiment Signal: Buy
Current Market Cap: A$25.37M
See more insights into MAG stock on TipRanks’ Stock Analysis page.