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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an update.
Mount Gibson Iron Limited has requested a voluntary suspension of its securities from the ASX due to a rockfall incident at its Koolan Island operation. The company is currently assessing the situation with external geotechnical experts and continues to process stockpiled iron ore while preparing to provide a detailed update on the impact of the incident.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited operates in the mining industry, primarily focusing on the extraction and processing of iron ore. The company is known for its operations on Koolan Island in Western Australia, where it engages in the production and shipment of iron ore.
YTD Price Performance: 59.32%
Average Trading Volume: 1,730,815
Technical Sentiment Signal: Buy
Current Market Cap: A$554.8M
See more data about MGX stock on TipRanks’ Stock Analysis page.