Mount Gibson Iron Limited Updates on Securities Buy-Back Program

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 of ordinary fully paid securities. The company reported a total of 146,000 securities bought back on the previous day, contributing to an overall total of 15,396,483 securities bought back to date. 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 is a company operating in the iron ore industry, focusing on mining and producing iron ore. The company is listed on the Australian Securities Exchange under the code MGX.

YTD Price Performance: 0.53%

Average Trading Volume: 438

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $221.4M

See more data about MGX stock on TipRanks’ Stock Analysis page.