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Magnetite Mines Limited Announces Cessation of Performance Rights

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Magnetite Mines Limited Announces Cessation of Performance Rights

Magnetite Mines Limited ( (AU:MGT) ) just unveiled an update.

Magnetite Mines Limited announced the cessation of 669,243 performance rights due to the conditions for these rights not being met or becoming incapable of being satisfied. This development may impact the company’s capital structure and could influence investor perception regarding the company’s operational milestones and strategic objectives.

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 engaged in developing its flagship project, the Razorback Iron Project, which aims to supply high-grade iron ore to the global steel industry.

YTD Price Performance: -8.33%

Average Trading Volume: 127,495

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$11.64M

For a thorough assessment of MGT stock, go to TipRanks’ Stock Analysis page.

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