Magnetite Mines Share Price and Company Fundamentals



Price
$0.043
Change
0.000 (0.000%)
52 week
0.001835 - 0.094

Last traded: Today at 3:32 AM

Magnetite Mines Limited explores for and develops mineral properties in South Australia. Its flagship project include the Razorback Iron project comprising the Razorback Ridge and Iron Peak prospects located in Adelaide, South Australia, as well as the Ironback Hill deposit situated in 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

8.60

Dividend yield

Beta

4.31

Market cap

$135.12M

Enterprise value

$119.89M

Company profile

Primary activitiesiron ore exploration
Industry / SectorOther Industrial Metals & Mining / Basic Materials
Websitehttp://www.magnetitemines.com
Mailing address22 Greenhill Road 1st Floor 1st Floor Wayville SA 5034 Australia
Phone / Fax61 8 8427 0516 /
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Annual reports

Published onReport
25 Sep 20202020 Annual Report

Dividends

Magnetite Mines does not pay dividends.

Company Executives

As of Aug 2021, following are the company executives and directors listed on Magnetite Mines.

NameTitleAgeTotal Pay
Mr. Peter James SchubertInterim CEO & Exec. Chairman118.39k
Mr. Frank DeMarte BBus(Acct), FCIS, FGIA, FCSA, FAICDCFO & Company Sec.5898.55k
Mr. Mark Richard Eames B.A., MA, MBATechnical Director & Independent Non-Exec. Director5971.42k
Mr. Stephen Robert Weir B.E.Chief Devel. Office

Profitability and management effectiveness

Profit margin

0.00%

Operating margin

125.12%

Return on assets

-5.75%

Return on equity

-11.42%

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 135.12M and its enterprise value is 119.89M. The enterprise value to revenue ratio of MGT is -128.85.

The MGT's stocks Beta value is 4.31 making it 331% 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 $0.043.

3. How can I contact Magnetite Mines?

Magnetite Mines's mailing address is 22 Greenhill Road 1st Floor 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 http://www.magnetitemines.com.

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

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