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The latest update is out from Magnetite Mines Limited ( (AU:MGT) ).
Magnetite Mines Limited has announced the issuance of new unquoted equity securities, including STI Performance Rights and Unlisted LTI Options. This move is part of the company’s strategy to incentivize and retain key personnel, potentially impacting its operational capabilities and long-term growth prospects.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 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 operates in the mining industry, focusing on the extraction and processing of magnetite iron ore. The company is primarily engaged in developing its flagship project, the Razorback Iron Project, located in South Australia, which is aimed at supplying high-grade iron ore to the global steel industry.
Average Trading Volume: 487,123
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.75M
For a thorough assessment of MGT stock, go to TipRanks’ Stock Analysis page.