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An update from Mount Gibson Iron Limited ( (AU:MGX) ) is now available.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of March 26, 2025, the company has repurchased a total of 30,839,908 ordinary fully paid securities, including 48,497 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 operations in the iron ore sector.
YTD Price Performance: 7.37%
Technical Sentiment Signal: Buy
Current Market Cap: $240.9M
Find detailed analytics on MGX stock on TipRanks’ Stock Analysis page.