Corporate News Report
Mgx (MGX.AX)
- At 11:11 AM Central Europe on Monday, 26 March 2026, Mgx traded down 1.67 % over the previous 24‑hour period.
- The closing price for the day was AUD 0.30.
- Current supply of Mgx shares available for purchase on major exchanges is 1.2 billion.
- The company’s market capitalization is AUD 348.2 million.
- In the last 24 hours, approximately AUD 191,400 of Mgx shares were traded.
- Since the close of the previous month, Mgx has declined 11.94 %.
- The 200‑day simple moving average is AUD 0.38.
- The highest price recorded in the past 52 weeks was AUD 0.50 on 27 January 2026.
- The lowest price in the same period was AUD 0.30 on 23 October 2026.
Recent Performance of Peer Companies
| Company | ASX Symbol | 24‑hour Change | Current Price | Market Capitalisation | Additional Notes |
|---|---|---|---|---|---|
| Santana Minerals | SMI.AX | –6.02 % | AUD 0.40 | AUD 391.3 million | — |
| Beacon Lighting | BLX.AX | +2.02 % | AUD 1.73 | AUD 404.8 million | P/E ratio 14.72 |
| Artrya | AYA.AX | –7.55 % | AUD 2.46 | AUD 399.3 million | Ownership change: UBS Group AG reduced stake; transaction reported on 26 October 2026; no significant price impact noted |
| Vysarn | VYS.AX | –2.90 % | AUD 0.68 | AUD 395.1 million | P/E ratio 37.14 |
| Whitefield Income | WHI.AX | +1.22 % | AUD 1.25 | AUD 382.4 million | — |
Company Overview – Mount Gibson Iron Limited
Mount Gibson Iron Limited (MGX) is an iron ore exploration and production company headquartered in West Perth, Australia. The company holds mining leases for hematite and magnetite deposits at Mount Gibson, Western Australia. MGX is listed on the ASX All Markets and maintains a website at https://www.mtgibsoniron.com.au .