MGT magnetite mines limited.
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Ann: Consolidation/Split - MGT, page-77

  1. gorodemon
    131 Posts.
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    07/12/22
    13:20
    Post #: 65197258
    I've got MGT on my watchlist and was surprised this morning when I saw the price jumped 4,000%. I thought to myself - "have they discovered Dilithium crystal instead while looking for iron ore???"

    It turned out the explanation is simple - consolidation of share, 50 to 1. The SP is trading @ 0.63, so that means the holder has lost around 25% of their money in this process. Is this a smart move from the management?
    MGT Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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Last
7.8¢ 		Change
-0.007(8.24%) 		Mkt cap ! $9.439M
Open High Low Value Volume
8.1¢ 8.1¢ 7.8¢ $13.25K 167.8K

Buyers (Bids)

No. Vol. Price($)
2 52473 7.6¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 13607 1
View Market Depth
Last trade - 15.37pm 26/06/2025 (20 minute delay) ?
MGT (ASX) Chart
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