RBC Capital Reiterates “Sector Perform” Rating for Mount Gibson Iron Limited (MGX)
Shares of Mount Gibson Iron Limited (ASX:MGX) traded down 1.43% on Friday, hitting A$0.690. The stock had a trading volume of 5,488,022 shares. Mount Gibson Iron Limited has a 52-week low of A$0.645 and a 52-week high of A$1.215. The stock’s 50-day moving average is A$0.71 and its 200-day moving average is A$0.78. The company has a market cap of A$752.5 million and a P/E ratio of 7.95.
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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