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Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an update.
Mount Gibson Iron Limited announced the cessation of 7,266,853 ordinary fully paid securities due to an on-market buy-back, effective March 13, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception positively by reducing the number of shares outstanding.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, focusing primarily on the extraction and sale of iron ore. The company is listed on the Australian Securities Exchange (ASX) under the code MGX.
YTD Price Performance: 2.11%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $226.8M
Learn more about MGX stock on TipRanks’ Stock Analysis page.