Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an announcement.
Mount Gibson Iron Limited has announced the cessation of 3,546,144 ordinary fully paid securities due to an on-market buy-back, effective April 8, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market positioning by reducing the number of shares in circulation.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited is a company operating in the mining industry, primarily focused on the extraction and sale of iron ore. The company 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: $225.1M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.