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An announcement from Magnetite Mines Limited ( (AU:MGT) ) is now available.
Magnetite Mines Limited has announced the quotation of 40,852,578 ordinary fully paid securities and the same number of options expiring on March 5, 2028, on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction and is expected to enhance the company’s financial flexibility and support its growth strategy in the competitive mining sector.
More about Magnetite Mines Limited
Magnetite Mines Limited is a company operating in the mining industry, focusing on the extraction and processing of magnetite, a type of iron ore. The company is engaged in developing its resources to supply the steel industry, with a particular emphasis on expanding its market presence.
Average Trading Volume: 439,418
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.89M
Learn more about MGT stock on TipRanks’ Stock Analysis page.