Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Magnetite Mines Limited ( (AU:MGT) ) is now available.
Magnetite Mines Limited has applied to the ASX for quotation of 547,805 new fully paid ordinary shares issued under its employee incentive scheme. The additional securities, which are not subject to transfer restrictions, modestly increase the company’s quoted capital base and reflect the ongoing use of equity-based remuneration to align staff and management interests with shareholder value.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.06 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
Average Trading Volume: 316,079
Technical Sentiment Signal: Sell
Current Market Cap: A$10.17M
For a thorough assessment of MGT stock, go to TipRanks’ Stock Analysis page.