Magnetite Mines Share Price and Company Fundamentals



Price
$0.025
Change
0.000 (0.000%)
52 week
0.02 - 0.046

Last traded: Today at 5:10 AM

Magnetite Mines Limited explores for mineral properties in South Australia. Its flagship project is Razorback Iron project that includes the Razorback Ridge, Iron Peak, and Ironback Hill 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 Wayville, Australia.

Key Metrics

PE ratio

-

PB ratio

3.65

Dividend yield

0.00%

Beta

4.15

Market cap

-

Enterprise value

-

Company profile

Primary activitiesMagnetite Mines is an iron ore company focused on the development of its 100% owned magnetite iron ore resources in the highly-prospective Braemar iron region of South Australia. The Company has a total mineral resource of 5.7 billion tonnes of iron ore
Industry / SectorOther Industrial Metals & Mining / Basic Materials
Websitehttps://www.magnetitemines.com
Mailing address22 Greenhill Road 1st Floor Wayville SA 5034 Australia
Phone / Fax61 8 8427 0516 /
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Annual reports

Published onReport
28 Sep 2022Annual Report to shareholders
27 Oct 20212021 Annual Report

Dividends

More: Magnetite Mines Dividend history, yield and payout ratio

Dividend yield

0.00%

Dividend amount

$0.00

Payout ratio

0.00%

Magnetite Mines paid $0.00 dividend and the ex-dividend date was .The dividend payout ratio is 0.00%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.MGT dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

MGT's forward dividend amount is $ and the forward dividend yield is . A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Oct 2022, following are the company executives and directors listed on Magnetite Mines.

NameTitleAgeTotal Pay
Mr. Ian Bruce Kirkham A.Aus.I.M.M., CA, Ec.Company Sec. & CFO56216.74k
Mr. Peter James SchubertNon-Exec. Director348.66k
Mr. Stephen Robert Weir B.E.Chief Devel. Officer282.22k
Mr. Timothy Dobson BAppSc, GAICD, MAusIMMChief Exec. Officer
Gemma BrosnanGen. Mang. of External Affairs

Profitability and management effectiveness

Profit margin

0.00%

Operating margin

-1,841.42%

Return on assets

-5.96%

Return on equity

-11.06%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Magnetite Mines is and its enterprise value is .

The MGT's stocks Beta value is 4.15 making it 315% more volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Companies similar to Magnetite Mines (MGT)

Magnetite Mines (ASX:MGT) Frequently Asked Questions

1. What is Magnetite Mines's Stock Symbol?

Magnetite Mines trades on ASX under the ticker symbol "MGT".

2. What is Magnetite Mines's stock price today?

One share of MGT stock can currently be purchased for approximately $0.025.

3. How can I contact Magnetite Mines?

Magnetite Mines's mailing address is 22 Greenhill Road 1st Floor Wayville SA 5034 Australia. The company can be reached via phone at 61 8 8427 0516.

4. What is Magnetite Mines's official website?

The official website of Magnetite Mines is https://www.magnetitemines.com.

5. Which share registry manages Magnetite Mines's stock?

Magnetite Mines's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.