Magnetite Mines (MGT) Stock Overview

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. Its flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Adelaide, Australia.

MGT Stock Information

Symbol

MGT

Address

30 Currie StreetAdelaide, SA 5000Australia

Founded

Trading hours

10:00 AM - 4:00 PM AEST

Website

https://magnetitemines.com

Country

🇦🇺 Australia

Phone Number

61 8 8427 0516

Magnetite Mines (MGT) Price Chart

Magnetite Mines Overview: Key Details and Summary

Stock data	2023	Change
Price	$0.16432475938160232	N/A
Market Cap	$12.63M	N/A
Shares Outstanding	76.87M	17.61%
Employees	0	N/A
Shareholder Equity	35.31M	-10.27%

Valuation	2023	Change
P/B Ratio	0.36	N/A

Growth	2023	Change
Return on Equity	-0.1013	N/A

Earnings	2023	Change
Earnings	-$3.58M	N/A

Financial Strength	2023	Change
Total Assets	$26.14M	N/A
Total Debt	$1.63M	N/A
Cash on Hand	$3.44M	N/A
Debt to Equity	0.0695	-36.67%
Cash to Debt	$2.12	-75.78%
Current Ratio	$1.53	-66.92%