Mount Gibson Iron Limited ( (AU:MGX) ) has issued an update.
Mount Gibson Iron Limited announced the cessation of 4,466,043 ordinary fully paid securities due to an on-market buy-back, effective April 17, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception, and reflecting its ongoing efforts to optimize shareholder value.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, primarily focusing on the extraction and sale of iron ore. The company is listed on the Australian Securities Exchange under the code MGX.
YTD Price Performance: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Buy
Current Market Cap: $235.2M
For detailed information about MGX stock, go to TipRanks’ Stock Analysis page.