Iron ore mines are beginning to close due to high freight costs, and lack of demand. The extra long journey from south Australia, makes mgts project very hard to get off the ground.
https://www.news.com.au/finance/economy/plunging-iron-ore-price-blamed-on-chinas-woes-hits-miners-hard/news-story/67883d11b94d009a6a4aa92c13a6d2bb
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MGT
magnetite mines limited.
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9.64%
!
9.1¢

Iron ore mines are beginning to close due to high freight costs,...
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Last
9.1¢ |
Change
0.008(9.64%) |
Mkt cap ! $11.04M |
Open | High | Low | Value | Volume |
8.7¢ | 9.1¢ | 8.7¢ | $15.08K | 168.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47 | 0.091 |
1 | 10000 | 0.090 |
1 | 9000 | 0.087 |
2 | 100000 | 0.086 |
4 | 68229 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 50000 | 1 |
0.095 | 50000 | 1 |
0.099 | 20000 | 1 |
0.100 | 58304 | 2 |
0.105 | 4173 | 1 |
Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
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MGT (ASX) Chart |