MGX Resources Ltd (MGX)

Currency in AUD
0.325
0.000(0.00%)
Closed·
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Fair Value
Day's Range
0.3250.335
52 wk Range
0.3200.495
Key Statistics
Bid/Ask
0.35 / 0.335
Prev. Close
0.325
Open
0.335
Day's Range
0.325-0.335
52 wk Range
0.32-0.495
Volume
40.59K
Average Volume (3m)
670.17K
1-Year Change
-16.6667%
Fair Value
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Fair Value Upside
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MGX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Analysts Sentiment
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Members' Sentiments
Bearish
Bullish
ProTips
Holds more cash than debt on its balance sheet

MGX Resources Ltd News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

MGX Resources Ltd Earnings Call Summary for Q4/2026

  • MGX posted Q4 consolidated operating cash flow of AUD 3.1M, with Koolan Island improving to AUD 5.8M from negative AUD 15.3M prior quarter.
  • Company holds AUD 412M in cash with zero bank debt, maintaining strong balance sheet amid strategic pivot from iron ore to gold development.
  • Koolan Island divestment expected to close by Dec 2026 or March 2027, delivering over AUD 50M total value including AUD 20M cash over five years.
  • Central Tanami gold project now core focus with 2.8M oz resource; AUD 38M exploration decline at Groundrush to begin September, running 14 months.
  • Shares rose 3.03% to $0.34 but remain near 52-week low of $0.32, down 37.69% year-over-year as investors await gold development progress.
Last Updated: 2026-07-19, 08:50 p/m
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Earnings

Latest Release
Jun 03, 2026
EPS / Forecast
-- / --
Revenue / Forecast
-- / --
EPS Revisions
Last 90 days

MGX Income Statement

Compare MGX to Peers and Sector

Metrics to compare
MGX
Peers
Sector
Relationship
P/E Ratio
−12.2x1.0x3.6x
PEG Ratio
−0.150.000.00
Price/Book
0.9x0.9x1.6x
Price / LTM Sales
1.2x2.8x1.3x
Upside (Analyst Target)
-46.9%43.2%
Fair Value Upside
Unlock18.1%2.7%Unlock

MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in the treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.

Employees
373
Market
Australia

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
54.01M4.58%17.55M
Other Institutional Investors
1.00B84.84%325.47M
Public Companies & Retail Investors
124.97M10.59%40.62M
Total
1.18B100.00%383.64M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
APAC Resources Limited38.36%452,767,297147,149
Everbright Pramerica Fund Management Co. Ltd.18.66%220,257,80271,584

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FAQ

What Is the MGX Resources (MGX) Stock Price Today?

The MGX Resources stock price today is 0.325 AUD.

What Stock Exchange Does MGX Resources Trade On?

MGX Resources is listed and trades on the Sydney Stock Exchange.

What Is the Stock Symbol for MGX Resources?

The stock symbol for MGX Resources is "MGX."

What Is the MGX Resources Market Cap?

As of today, MGX Resources market cap is 383.640M AUD.

What Is MGX Resources's Earnings Per Share (TTM)?

The MGX Resources EPS (TTM) is -0.027.

When Is the Next MGX Resources Earnings Date?

MGX Resources will release its next earnings report on Aug 25, 2026.

From a Technical Analysis Perspective, Is MGX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has MGX Resources Stock Split?

MGX Resources has split 2 times.

How Many Employees Does MGX Resources Have?

MGX Resources has 373 employees.

What is the current trading status of MGX Resources (MGX)?

As of Aug 03, 2026, MGX Resources (MGX) is trading at a price of 0.325 AUD, with a previous close of 0.325 AUD. The stock has fluctuated within a day range of 0.325 AUD to 0.335 AUD, while its 52-week range spans from 0.320 AUD to 0.495 AUD.
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