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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. As of April 15, 2025, the company has repurchased a total of 38,803,598 ordinary fully paid securities, with 215,900 bought back on the previous day alone. 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 on the extraction and sale of iron ore. The company is known for its production of high-grade iron ore and has a significant presence in the Australian market.
YTD Price Performance: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Buy
Current Market Cap: $245.9M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.