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An announcement from Magnetite Mines Limited ( (AU:MGT) ) is now available.
Magnetite Mines has begun trading rights associated with its recently announced renounceable rights issue on the ASX under the code MGTRH. Trading in these rights is scheduled to conclude on 18 March 2026, marking a key step in the company’s current capital-raising process and supporting ongoing development of its large-scale magnetite and critical minerals portfolio in South Australia.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
More about Magnetite Mines Limited
Magnetite Mines Limited is an ASX-listed iron ore company focused on developing magnetite resources in South Australia’s Braemar Iron Formation. The company owns a 6.6-billion-tonne iron ore mineral resource and is advancing the Razorback Iron Ore Project near Adelaide, targeting premium direct reduction grade concentrate for lower-emissions steelmaking while also holding tenements prospective for rare earths and other critical minerals.
Average Trading Volume: 549,155
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.04M
Learn more about MGT stock on TipRanks’ Stock Analysis page.