Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an announcement.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of April 9, 2025, the company has bought back a total of 37,897,428 securities, including 773,085 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 on the extraction and sale of iron ore. The company primarily deals with the production of iron ore, which is a crucial raw material for steel manufacturing, and it is listed on the Australian Securities Exchange under the code MGX.
YTD Price Performance: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: $217.1M
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