Looks like it will break $3.5. If it can go through this old resistence than a value of $4.5 is not out of the question looking at its forward PE. MGX has an advantage over other companies with large deposits, in that it's mine is built and it's earning money. Who knows what will happen in 3 years time, there could be a iron ore price collapse with so many mines getting up and running in WA.
breakout hopefully, page-2
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Last
36.0¢ |
Change
0.005(1.41%) |
Mkt cap ! $435.5M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 35.5¢ | $7.245K | 20.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 593448 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 187379 | 17 |
View Market Depth
| Last trade - 11.46am 31/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |