The reason these companies with large resources are valued low by the market is because the market is giving them a low chance of bringing the project into production. But once 'large' companies take a stake into the company the market re-rates the company accordingly.
Good thing about MGX is their large cash reserves.
Ann: Update - Notification of buy-back - MGX, page-9
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Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |