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An update from Mount Gibson Iron Limited ( (AU:MGX) ) is now available.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of April 1, 2025, the company has repurchased a total of 33,094,910 ordinary fully paid securities, with an additional 347,169 securities bought back 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 primarily on the extraction and sale of iron ore. The company is engaged in the production and export of high-grade hematite iron ore, catering to markets primarily in Asia.
YTD Price Performance: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Buy
Current Market Cap: $246.5M
See more insights into MGX stock on TipRanks’ Stock Analysis page.