Mount Gibson Iron Limited ( (AU:MGX) ) has shared an update.
Mount Gibson Iron Limited has announced an update on its ongoing share buy-back program, revealing that a total of 20,234,622 securities have been bought back prior to the previous day, with an additional 363,149 securities acquired 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 sale of iron ore. The company is primarily engaged in the production of iron ore products for the global steel industry.
YTD Price Performance: -1.58%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $224.5M
See more data about MGX stock on TipRanks’ Stock Analysis page.