Don't worry. At the start of the month, the stock was about $2.85. It's up almost 20%. MGX is not as sexy as the others, however it is a true and proven performer and will deliver great results for the long term investor. What it really needs to do is take the next step. It has already flagged its intentions to go from 10 million tonnes of IO p.a to a 15-20 million producer. I'm sure there will be announcements in this regard in the next 6-12 months.
why is mgx floundering, page-3
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $389.8M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.3¢ | 31.5¢ | $668.3K | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 170254 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 351753 | 31 |
View Market Depth
| Last trade - 15.44pm 23/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |