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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an announcement.
Mount Gibson Iron Limited has announced a daily update regarding their ongoing on-market share buy-back program. As of the latest update, the company bought back 718,100 ordinary fully paid shares on the previous day, adding to a total of 16,450,866 shares repurchased before that. This buy-back program reflects the company’s strategy to manage capital effectively and potentially enhance shareholder value.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, primarily focusing on the extraction and sale of iron ore. The company is listed on the Australian Securities Exchange (ASX) under the code MGX and is engaged in iron ore mining activities.
YTD Price Performance: 0.53%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $228.9M
For detailed information about MGX stock, go to TipRanks’ Stock Analysis page.
