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Magnetite Mines Limited ( (AU:MGT) ) just unveiled an announcement.
Magnetite Mines Limited has disclosed a change in the interests of director Paul White, who has received 379,250 fully paid ordinary shares in the company issued in lieu of director fees for the period from 1 October 2025 to 31 December 2025. The issue, which involved no cash consideration, increases White’s total direct and indirect shareholding, including interests held via a superannuation fund and a family trust, and underscores the alignment of director compensation with shareholder interests through equity-based remuneration.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.06 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 Australian-listed resources company focused on the exploration and development of magnetite iron ore projects. The company is positioned within the mining and minerals sector, targeting the growing market for high-grade iron ore products used in steelmaking and low‑emissions steel technologies.
Average Trading Volume: 316,079
Technical Sentiment Signal: Sell
Current Market Cap: A$10.17M
See more data about MGT stock on TipRanks’ Stock Analysis page.