RBC Capital Reaffirms Sector Perform Rating for Mount Gibson Iron Limited (MGX)
Mount Gibson Iron Limited (ASX:MGX) traded down 3.02% during mid-day trading on Thursday, hitting A$0.7225. 1,397,370 shares of the company’s stock traded hands. Mount Gibson Iron Limited has a 1-year low of A$0.645 and a 1-year high of A$1.215. The stock has a 50-day moving average of A$0.71 and a 200-day moving average of A$0.79. The company has a market cap of A$787.9 million and a P/E ratio of 4.09.
Mount Gibson Iron Limited is engaged in mining and shipment of hematite iron ore at Koolan Island in the Kimberley region of Western Australia; mining of hematite iron ore deposits at the Tallering Peak and Extension Hill mine sites in the Mid-West region of Western Australia and haulage of the ore through road and rail for sale from the Geraldton Port, and exploration and development of hematite iron ore deposits at Koolan Island and in the Mid-West region of Western Australia.
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