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 of ordinary fully paid securities. As of the latest announcement, the company has bought back a total of 18,884,419 securities, with 201,208 purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and may have implications for shareholders by potentially increasing the value of remaining shares.
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 and is engaged in activities related to iron ore production and distribution.
YTD Price Performance: 4.21%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $231.2M
For detailed information about MGX stock, go to TipRanks’ Stock Analysis page.