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Magnetite Mines Limited ( (AU:MGT) ) has shared an announcement.
Magnetite Mines Limited has announced the quotation of 12,306,667 new securities, specifically options expiring on March 5, 2028, on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and could potentially enhance the company’s capital structure, providing it with more financial flexibility to advance its projects and strengthen its position in the iron ore market.
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 focusing on the extraction and processing of magnetite iron ore. The company is involved in the development of iron ore projects and aims to supply high-grade iron ore to the global steel industry.
Average Trading Volume: 558,949
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.98M
For an in-depth examination of MGT stock, go to TipRanks’ Overview page.