How to buy Magnetite Mines (MGT) shares in Australia
Learn how to easily invest in Magnetite Mines shares.
Magnetite Mines is an other industrial metals & mining business based in Australia. Magnetite Mines shares (MGT) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Magnetite Mines has a trailing 12-month revenue of around $212,587. If you're looking to buy shares, check out the steps below.
How to buy shares in Magnetite Mines
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Magnetite Mines . Find the share by name or ticker symbol: MGT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magnetite Mines reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Magnetite Mines . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
What's in this guide?
- Magnetite Mines key stats
- Compare share trading platforms
- Is Magnetite Mines stock a buy or sell?
- Magnetite Mines performance over time
- Magnetite Mines 's financials
- How volatile are Magnetite Mines shares?
- Does Magnetite Mines pay a dividend?
- Have Magnetite Mines shares ever split?
- Other common questions
Magnetite Mines stock price (ASX:MGT)Use our graph to track the performance of MGT stocks over time.
Magnetite Mines shares at a glance
|52-week range||$0.28 - $0.8999|
|50-day moving average||$0.3369|
|200-day moving average||$0.4397|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$-0.07|
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Is it a good time to buy Magnetite Mines stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Magnetite Mines price performance over time
|1 week (2023-12-04)||-1.61%|
|1 month (2023-11-10)||-1.61%|
|3 months (2023-09-11)||-11.59%|
|6 months (2023-06-09)||-26.51%|
|1 year (2022-12-09)||-51.59%|
|2 years (2021-12-10)||-72.27%|
|3 years (2020-12-11)||-59.33%|
|5 years (2018-12-11)||-12.86%|
Magnetite Mines financials
|Gross profit TTM||$212,587|
|Return on assets TTM||-8.06%|
|Return on equity TTM||-14.28%|
|Market capitalisation||$30.5 million|
TTM: trailing 12 months
Magnetite Mines share dividends
We're not expecting Magnetite Mines to pay a dividend over the next 12 months.
Have Magnetite Mines 's shares ever split?
Magnetite Mines 's shares were split on a 1:50 basis on 7 December 2022. So if you had owned 50 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your Magnetite Mines shares – just the quantity. However, indirectly, the new 4900% higher share price could have impacted the market appetite for Magnetite Mines shares which in turn could have impacted Magnetite Mines 's share price.
Magnetite Mines share price volatility
Over the last 12 months, Magnetite Mines 's shares have ranged in value from as little as $0.28 up to $0.8999. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Magnetite Mines 's is 2.537. This would suggest that Magnetite Mines 's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Magnetite Mines overview
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 was incorporated in 2004 and is headquartered in Adelaide, Australia.
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