Mount Gibson Iron Limited ( (AU:MGX) ) has provided an announcement.
Mount Gibson Iron Limited has announced an update regarding its ongoing on-market buy-back program. As of February 25, 2025, the company has repurchased a total of 17,800,191 ordinary fully paid securities, with an additional 341,152 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 on the extraction and production of iron ore. The company is primarily engaged in the exploration and development of iron ore deposits, catering to the global steel manufacturing market.
YTD Price Performance: 6.42%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $241.2M
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