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Mount Gibson Iron Limited ( (AU:MGX) ) has shared an update.
Mount Gibson Iron Limited has announced an update regarding its ongoing buy-back program, indicating that a total of 16,297,166 ordinary fully paid securities have been repurchased to date. This strategic move, involving daily buy-backs, reflects the company’s effort 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, primarily focusing on the extraction and sale of iron ore. The company is publicly listed and trades under the ASX code MGX.
YTD Price Performance: -3.68%
Average Trading Volume: 438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $220M
Find detailed analytics on MGX stock on TipRanks’ Stock Analysis page.
