November 25, 2019
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $897.2 Million Market Cap, VWAP 0.78, ASX Ranking 272, 4 Week Av Turnover $3,745,524, Current Turnover (Intraday as at time of alert) $, PE 6.5, Div Yield 5.16%.
Company Overview : Mount Gibson Iron Limited (MGX) is an independent Australian producer of direct shipping grade iron ore products, with assets in the Kimberley and Mid West regions of Western Australia. The company has three major projects being Koolan Island and Extension Hill and Tallering Peak.
Broker Consensus : BUY/HOLD
MGX is ready to hold higher levels and make a move up to new highs. We are now happy to buy on a push up through 0.82 with a Stop Loss at 0.75. If price falls below 0.75 prior to entry, we will cancel the alert and re-assess the action.
Stock Code : MGX – Mount Gibson Iron
Company Website : www.mtgibsoniron.com.au
Current Price : 0.785
Status : On watch for Buy Entry Trigger
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