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An update from Magnetite Mines Limited ( (AU:MGT) ) is now available.
Magnetite Mines Limited announced the cessation of certain securities, specifically options that have either lapsed due to unmet conditions or expired without exercise. This announcement may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
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 is a company operating in the mining industry, primarily focused on the extraction and processing of magnetite ore. The company is involved in the development of iron ore projects, with a market focus on supplying high-quality magnetite products.
Average Trading Volume: 487,123
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.75M
Learn more about MGT stock on TipRanks’ Stock Analysis page.