Mount Gibson Iron Limited Upgraded by Morningstar to “Hold” (MGX)
Mount Gibson Iron Limited (ASX:MGX) was upgraded by equities researchers at Morningstar from a “reduce” rating to a “hold” rating in a research report issued on Friday, Analyst Ratings News reports.
Shares of Mount Gibson Iron Limited (ASX:MGX) traded down 1.52% on Friday, hitting A$0.975. The stock had a trading volume of 4,805,112 shares. Mount Gibson Iron Limited has a 52 week low of A$0.405 and a 52 week high of A$1.130. The stock’s 50-day moving average is A$1.01 and its 200-day moving average is A$0.82. The company has a market cap of A$1.063 billion and a P/E ratio of 6.88.
Mount Gibson Iron Limited (ASX:MGX) is engaged in mining of hematite deposits at Tallering Peak; mining of hematite deposits at Koolan Island; mining of hematite deposits at Extension Hill, and exploration and development of hematite deposits at Koolan Island and in the Mid-West region of Western Australia.
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