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.