Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an update.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of March 20, 2025, the company has repurchased a total of 645,350 ordinary fully paid securities on the previous day, contributing to an overall total of 28,667,715 securities bought back since the program’s initiation. 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 known for its production of high-quality iron ore and is listed on the Australian Securities Exchange under the code MGX.
YTD Price Performance: 6.32%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $246M
Learn more about MGX stock on TipRanks’ Stock Analysis page.