MGT Stock Overview
Magnetite Mines Limited engages in the exploration of mineral properties in South Australia.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Magnetite Mines Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.29 |
| 52 Week High | AU$0.60 |
| 52 Week Low | AU$0.24 |
| Beta | 2.76 |
| 1 Month Change | 13.73% |
| 3 Month Change | 3.57% |
| 1 Year Change | -49.12% |
| 3 Year Change | -92.05% |
| 5 Year Change | 16.02% |
| Change since IPO | -98.19% |
Recent News & Updates
Recent updates
Shareholder Returns
| MGT | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 1.8% | -0.8% | -2.8% |
| 1Y | -49.1% | -6.7% | 4.0% |
Return vs Industry: MGT underperformed the Australian Metals and Mining industry which returned -6.7% over the past year.
Return vs Market: MGT underperformed the Australian Market which returned 4% over the past year.
Price Volatility
| MGT volatility | |
|---|---|
| MGT Average Weekly Movement | 9.6% |
| Metals and Mining Industry Average Movement | 12.5% |
| Market Average Movement | 9.0% |
| 10% most volatile stocks in AU Market | 17.4% |
| 10% least volatile stocks in AU Market | 3.5% |
Stable Share Price: MGT has not had significant price volatility in the past 3 months.
Volatility Over Time: MGT's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | n/a | Tim Dobson | magnetitemines.com |
Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. Its flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015.
Magnetite Mines Limited Fundamentals Summary
| MGT fundamental statistics | |
|---|---|
| Market cap | AU$26.58m |
| Earnings (TTM) | -AU$5.24m |
| Revenue (TTM) | AU$236.31k |
120.8x
P/S Ratio-5.4x
P/E RatioIs MGT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGT income statement (TTM) | |
|---|---|
| Revenue | AU$236.31k |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$236.31k |
| Other Expenses | AU$5.48m |
| Earnings | -AU$5.24m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.053 |
| Gross Margin | 100.00% |
| Net Profit Margin | -2,219.52% |
| Debt/Equity Ratio | 0% |
How did MGT perform over the long term?
See historical performance and comparison