ASX:MGTMaterialsSteel

Magnetite Mines Ltd

Magnetite Mines Limited is an Australia-based iron ore company.

$0.014↓ ⁠$0.001 (6.67%)AUD · Closed
-78.0%52-week return
Day Range
$0.014 – $0.016
52 Week Range
$0.014 – $0.068
Volume
437.81K
Avg Volume (10D)
155.18K
Market Cap
$3.21M
The company

The business

What Magnetite Mines Ltd does

Magnetite Mines Limited is an Australia-based iron ore company. The Company is focused on the development of magnetite iron ore resources in the highly prospective Braemar iron region of South Australia. Its projects include the Razorback Iron Ore Project and Muster Dam Iron Ore Project. The Razorback Iron Ore Project is a pre-development magnetite iron ore project capable of producing high-grade and Direct-Reduction grade (DR-grade) iron ore products required in low-carbon and zero-carbon steel production. It consists of the Razorback and Iron Peak deposits. It is located just 240 kilometers (kms) northeast of Adelaide in arid, low-intensity pastoral country. The Muster Dam Iron Ore Project is hosted by the same Braemar Iron Formation as the Razorback Iron Ore Project. The Project is located approximately 110 km to the northeast of Razorback Iron Ore Project. The Project produces the required specification of DR-grade, very low impurity products necessary for green iron production.

Incorporated
AUS
Public since
2006-04-06
Shareholders
5,842
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Share price & key data

Share price

OHLC · volume · moving averages
$0.014-$0.020 (-58.82%)over 6M
Hi$0.036Lo$0.014
Price-sensitive newsVolumePrev close · 52W range

Market Statistics

Today
Open
$0.015
Prev Close
$0.015
Day High
$0.016
Day Low
$0.014
52wk High
$0.068
52wk Low
$0.014

Valuation

Multiples
Market Cap
$3.21M
Shares Out
229.01M
Price/Book
0.09

Trading Activity

Volume & book
Volume
437.81K
Value Traded
$6.34K
Bid
$0.014 × 107,137
Ask
$0.016 × 2,248,527
Avg Vol 10D
155.18K

Performance

Total return
1 Day
+0.00%
5 Day
+5.56%
13 Week
-26.92%
52 Week
-77.98%
YTD
-64.53%
Peers & news

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