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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an announcement.
Mount Gibson Iron Limited has announced the issuance of 876,800 ordinary fully paid securities, which will be quoted on the ASX. This move is part of an employee incentive scheme, reflecting the company’s efforts to align employee interests with shareholder value and potentially enhance its market position.
The most recent analyst rating on (AU:MGX) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
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.
Average Trading Volume: 1,086,609
Technical Sentiment Signal: Sell
Current Market Cap: A$353.9M
Find detailed analytics on MGX stock on TipRanks’ Stock Analysis page.