Mount Gibson Iron Limited ( (AU:MGX) ) has issued an update.
Mount Gibson Iron Limited announced an update on their ongoing share buy-back program, having repurchased a total of 17,570,929 ordinary fully paid shares to date, with an additional 229,262 shares bought back on the previous day. This buy-back initiative is intended to return value to shareholders, indicating a strong financial position and confidence in the company’s future prospects, potentially enhancing its market position and shareholder value.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited is an Australian 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 the production and export of high-grade hematite iron ore.
YTD Price Performance: 4.74%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $240.7M
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