Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Magnetite Mines Limited ( (AU:MGT) ).
Magnetite Mines Limited has announced the application for the quotation of 3,869,418 new securities on the Australian Securities Exchange (ASX), set to expire on March 5, 2028. This move is part of previously announced transactions and could potentially enhance the company’s financial flexibility, impacting its operations and positioning within the mining sector.
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, focusing on the extraction and processing of magnetite iron ore. The company is primarily engaged in developing its iron ore projects to supply the steel industry, with a market focus on enhancing its production capabilities and expanding its resource base.
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.