Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an announcement.
Mount Gibson Iron Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 443,299 ordinary fully paid securities were bought back on the previous day, adding to a cumulative total of 33,442,079 securities. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach in its financial management.
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 operations in Western Australia, where it targets the production of high-grade iron ore for both domestic and international markets.
YTD Price Performance: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Buy
Current Market Cap: $246.5M
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