>
Magnetite Mines logo

MGT - Magnetite Mines Share Price

A$0.073 0.0  7.4%

Last Trade - 16/04/21

Sector
Basic Materials
Size
Small Cap
Market Cap £117.2m
Enterprise Value £115.6m
Revenue £588k
Position in Universe 635th / 1898
Bullish
Bearish
Unlock MGT Revenue
Momentum
Relative Strength (%)
1m +112.8%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -6.41%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 30th Jun 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
0.073 0.018 0.012 0.016 0.016 1.04 +70.0%
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 31 December 2020, MagnetiteMines Ltd revenues increased from A$0K to A$7K. Net lossincreased from A$2K to A$795K. Revenues reflect an increasein demand for the Company's products and services due tofavorable market conditions. Higher net loss reflects OtherNon Rec I/E - Non Business Activ decrease from A$955K(income) to A$0K, (Profit)/loss on sale of fixed assetdecrease from A$4K (income) to A$3K (expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

MGT Revenue Unlock MGT Revenue

Net Income

MGT Net Income Unlock MGT Revenue

Normalised EPS

MGT Normalised EPS Unlock MGT Revenue

PE Ratio Range

MGT PE Ratio Range Unlock MGT Revenue

Dividend Yield Range

MGT Dividend Yield Range Unlock MGT Revenue
Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
()
EPS
()
DPS
()
Net Profit
()
EPS
()
DPS
()
Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
MGT EPS Forecasts Unlock MGT Revenue
Profile Summary

Magnetite Mines Limited, formerly Royal Resources Limited, is a mineral exploration and development company, with South Australian Mawson Iron Project, which contains the Razorback magnetite deposit. The Mawson Iron Project is located approximately 250 kilometers north-northeast (NNE) of Adelaide, South Australia, and covers tracts of prospective Braemar Iron Formation. The Mawson Iron Project consists of over five exploration licenses owned by the Company, including EL5432, EL4811, EL5240 and EL5180, and cover the Razorback deposit and its extensions while EL4842 is exclusively optioned to the Company for iron ore exploration and development. It is focused on the development of the Razorback Deposit, which comprises the Razorback Ridge, Razorback West, Interzone and Iron Peak orebodies. The Braemar Iron Formation is the host rock to magnetite mineralization on the project. Its Ironback Hill Prospect occurs on EL5180 and is over 12 kilometers south-southwest of Razorback Ridge.

Directors
Last Annual June 30th, 2020
Last Interim December 31st, 2020
Incorporated February 23, 2004
Public Since March 24, 2006
No. of Shareholders: n/a
No. of Employees: n/a
Sector Basic Materials
Industry Metals & Mining
Index
Exchange Australian Stock Exchange - SEATS
Shares in Issue 2,856,353,160
Free Float (0.0%)
Eligible for
ISAs
SIPPs
MGT Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for MGT
Upcoming Events for MGT
Frequently Asked Questions for Magnetite Mines
What is the Magnetite Mines share price?

As of 16/04/21, shares in Magnetite Mines are trading at A$0.073, giving the company a market capitalisation of £117.2m. This share price information is delayed by 15 minutes.

How has the Magnetite Mines share price performed this year?

Shares in Magnetite Mines are currently trading at A$0.073 and the price has moved by 3.88k% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Magnetite Mines price has moved by 2.87k% over the past year.

What are the analyst and broker recommendations for Magnetite Mines?

There are no analysts currently covering Magnetite Mines.

When will Magnetite Mines next release its financial results?

Magnetite Mines is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-12-31
What is the Magnetite Mines dividend yield?

Magnetite Mines does not currently pay a dividend.

Does Magnetite Mines pay a dividend?

Magnetite Mines does not currently pay a dividend.

When does Magnetite Mines next pay dividends?

Magnetite Mines does not currently pay a dividend.

How do I buy Magnetite Mines shares?

To buy shares in Magnetite Mines you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Magnetite Mines?

Shares in Magnetite Mines are currently trading at A$0.073, giving the company a market capitalisation of £117.2m.

Where are Magnetite Mines shares listed? Where are Magnetite Mines shares listed?

Here are the trading details for Magnetite Mines:

Country of listing: Australia
Exchange: ASX
Ticker Symbol: MGT
What kind of share is Magnetite Mines?

Based on an overall assessment of its quality, value and momentum, Magnetite Mines is currently classified as a Momentum Trap. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Magnetite Mines share price forecast 2021?

We were not able to load any forecast data for Magnetite Mines.

How can I tell whether the Magnetite Mines share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Magnetite Mines. Over the past six months, the relative strength of its shares against the market has been 0.393k%. At the current price of A$0.073, shares in Magnetite Mines are trading at 0.329k% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Magnetite Mines PE Ratio?

We were not able to find PE ratio data for Magnetite Mines.

Who are the key directors of Magnetite Mines?

Magnetite Mines's management team is headed by:

Malcolm Randall - NID
Gavin England - GMG
Peter Schubert - CHM
Mark Eames - NID
Who are the major shareholders of Magnetite Mines?

Here are the top five shareholders of Magnetite Mines based on the size of their shareholding:

Schubert (Peter James) Individual Investor
Percentage owned: 3.51% (100.5m shares)
Chin (Siat Yoon) Individual Investor
Percentage owned: 1.69% (48.3m shares)
Mango Bay Enterprises Incorporated Corporation
Percentage owned: 1.57% (45.1m shares)
Matthew Burford Super Fund Pty. Ltd. Corporation
Percentage owned: 1.4% (40.0m shares)
Eames (Mark Richard) Individual Investor
Percentage owned: 1.4% (40.1m shares)
Similar to MGT
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.