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Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an update.
Mount Gibson Iron Limited has announced its intention to change its name to MGX Resources Limited, reflecting its strategic shift from iron ore production to a more diversified mineral production, including precious and base metals. This transition is highlighted by its recent agreement to acquire a 50% interest in the Central Tanami Gold Project, aligning with its goal to diversify and maintain investor recognition by retaining its ASX ticker code.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 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 is a company operating in the mining industry, primarily focused on the production of iron ore. The company has been involved in operations at Koolan Island and other sites in the Mid-West of Western Australia.
Average Trading Volume: 1,884,007
Technical Sentiment Signal: Hold
Current Market Cap: A$501.7M
See more insights into MGX stock on TipRanks’ Stock Analysis page.