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Mount Gibson Iron Limited ( (AU:MGX) ) has shared an announcement.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of April 8, 2025, the company has repurchased a total of 36,724,894 securities, with an additional 399,449 securities bought back 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: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: $225.1M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.