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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an update.
Mount Gibson Iron Limited announced a change in the director’s interest, with Paul Dougas acquiring an additional 30,002 ordinary shares indirectly through Norase Pty Ltd ATF Dougas Family Super. This transaction, conducted on-market at $0.34 per share, increases Mr. Dougas’s indirect holdings to 606,604 shares, reflecting a strategic move to strengthen his investment in the company.
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 focused on the extraction and sale of iron ore. It is known for its operations in Western Australia, where it engages in the production and export of high-quality iron ore to global markets.
Average Trading Volume: 1,954,924
Technical Sentiment Signal: Sell
Current Market Cap: A$407.2M
See more insights into MGX stock on TipRanks’ Stock Analysis page.