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Magnetite Mines Limited ( (AU:MGT) ) has provided an update.
Magnetite Mines Limited has announced the issuance of unquoted equity securities as part of an employee incentive scheme. This includes 5,947,159 STI Performance Rights and 6,937,517 Unlisted LTI Options, which are subject to restrictions on transfer until certain conditions are met. This move is likely aimed at aligning employee interests with the company’s long-term growth and operational goals.
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 development of iron ore resources. The company is primarily engaged in producing magnetite, a type of iron ore, and is listed on the Australian Securities Exchange under the code MGT.
Average Trading Volume: 487,123
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.75M
For detailed information about MGT stock, go to TipRanks’ Stock Analysis page.