MGC is trading only slightly higher then it opened after the float. Still a lot of upwards potential. This stock could be a quiet achiever for some time until it gets on radar with all the punters. Apparently they have already got good sales to Asia. Looking forward to their newest activity and financial report. On top of their good sales result, profits etc there is a dividend factor as well. I am surprised the SP did not go higher today but given the market performance ii still outperformed the likes of BAL, A2M etc. Tomorrow the trend should continue. Let's hope so at least...
Once upon a time there was a rumor about their potential contract manufacturing for A2M. Was there any further leak on this?
MGC Price at posting:
$2.43 Sentiment: Buy Disclosure: Held