MGT 3.45% 28.0¢ magnetite mines limited.

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

  1. 131 Posts.
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    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?
 
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Change
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Mkt cap ! $27.56M
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29.0¢ 29.0¢ 28.0¢ $77.60K 276.1K

Buyers (Bids)

No. Vol. Price($)
3 10054 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 13640 1
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Last trade - 15.59pm 25/07/2024 (20 minute delay) ?
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