MGT magnetite mines limited.
Add to My Watchlist 1.28% ! 7.9¢

I've got MGT on my watchlist and was surprised this morning when...

  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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7.9¢ 		Change
0.001(1.28%) 		Mkt cap ! $9.560M
Open High Low Value Volume
8.0¢ 8.0¢ 7.9¢ $9.429K 118.0K

Buyers (Bids)

No. Vol. Price($)
3 54235 7.8¢
 

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Price($) Vol. No.
8.2¢ 59163 2
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Last trade - 12.26pm 27/06/2025 (20 minute delay) ?
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