An announcement 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 10, 2025, the company has repurchased a total of 38,509,485 ordinary fully paid securities, with 612,057 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, primarily focusing on the extraction and sale of iron ore. The company is known for its fully paid ordinary securities and is listed under the ASX security code MGX.
YTD Price Performance: 12.63%
Average Trading Volume: 1,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: $221.3M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.