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Mount Gibson Iron Limited ( (AU:MGX) ) has shared an update.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of the latest update, the company has bought back a total of 34,931,371 securities, with an additional 1,793,523 securities repurchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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 under the code MGX and is known for its fully paid ordinary securities.
YTD Price Performance: 14.44%
Average Trading Volume: 1,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: $224.8M
For an in-depth examination of MGX stock, go to TipRanks’ Stock Analysis page.