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
Magnum Mining and Exploration Limited ( (AU:MGU) ) has shared an announcement.
Magnum Mining and Exploration Limited has applied to the ASX for quotation of a new class of options, totaling 630,249,996 securities, to be issued on 15 January 2026. The options are linked to a previous Appendix 3B lodged on 13 October 2025, with the company confirming that no further securities will be issued under that earlier filing, clarifying its current capital structure and potentially influencing investor perception of future dilution and funding capacity.
The most recent analyst rating on (AU:MGU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited is an ASX-listed resources company (code: MGU) operating in the mining and exploration sector, focused on identifying and developing mineral assets. The company raises capital and funds project development through the issuance and quotation of various classes of securities on the Australian Securities Exchange.
Average Trading Volume: 16,694,517
Technical Sentiment Signal: Sell
Current Market Cap: A$19.16M
See more insights into MGU stock on TipRanks’ Stock Analysis page.