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Mount Gibson Iron Limited ( (AU:MGX) ) has shared an update.
Mount Gibson Iron Limited announced that the suspension of trading in its securities has been lifted following a recent announcement about a rockfall at its Koolan Island operation. This development is crucial as it allows the company to resume trading, potentially stabilizing its market position and reassuring stakeholders after 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, focusing on the extraction and sale of iron ore. The company is known for its operations on Koolan Island, which is a significant part of its business activities.
Average Trading Volume: 1,706,862
Technical Sentiment Signal: Buy
Current Market Cap: A$554.8M
Learn more about MGX stock on TipRanks’ Stock Analysis page.