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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an announcement.
Mount Gibson Iron Limited has requested a trading halt on its securities following an overnight rockfall at its Koolan Island operation. The incident, which caused no injuries, has led to the suspension of mining activities in the affected area pending further evaluation, although the Koolan Island seawall remains unaffected.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
More about Mount Gibson Iron Limited
Mount Gibson Iron Limited is a company operating in the mining industry, primarily focusing on the extraction and production of iron ore. The company is known for its operations on Koolan Island, which is a significant part of its market focus.
Average Trading Volume: 1,794,294
Technical Sentiment Signal: Buy
Current Market Cap: A$537.1M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.