MGX Resources Ltd (MGX)

Currency in AUD
0.400
+0.010(+2.56%)
Closed·
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Fair Value
Day's Range
0.3850.400
52 wk Range
0.2550.495
Key Statistics
Bid/Ask
0.39 / 0.40
Prev. Close
0.39
Open
0.395
Day's Range
0.385-0.4
52 wk Range
0.255-0.495
Volume
287.4K
Average Volume (3m)
828.5K
1-Year Change
28.2258%
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
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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 Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

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

MGX Resources Ltd Earnings Call Summary for Q3/2026

  • MGX Resources holds AUD 414.7M in cash/investments despite AUD 11.8M quarterly outflow; stock rose 2.63% to AUD 0.38 post-earnings call.
  • Completed AUD 50M acquisition of 50% stake in Central Tanami Gold Project, marking strategic pivot from iron ore to gold production.
  • Koolan Island generated AUD 18.3M revenue against AUD 25.3M operating costs; transitioning to cash-neutral rehabilitation phase.
  • Management targets positive operating cash flow in June 2026 quarter through accelerated shipping of ~1M tons low-grade material post-wet season.
  • Company focusing on infrastructure modernization and resource upgrades at Central Tanami; faces risks from market volatility and weather disruptions.
Last Updated: 2026-04-23, 09:50 p/m
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Compare MGX to Peers and Sector

Metrics to compare
MGX
Peers
Sector
Relationship
P/E Ratio
−14.7x1.5x4.3x
PEG Ratio
−0.170.010.00
Price/Book
1.1x1.4x1.6x
Price / LTM Sales
1.5x4.0x1.4x
Upside (Analyst Target)
-22.3%25.6%
Fair Value Upside
Unlock7.8%−1.0%Unlock
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate

Earnings

Latest Release
Feb 18, 2026
EPS / Forecast
-0.02 / --
Revenue / Forecast
147.19M / --
EPS Revisions
Last 90 days

MGX Income Statement

FAQ

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

The MGX Resources stock price today is 0.400 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 463.910M 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 Jun 03, 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 Buy.

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 Apr 27, 2026, MGX Resources (MGX) is trading at a price of 0.400 AUD, with a previous close of 0.390 AUD. The stock has fluctuated within a day range of 0.385 AUD to 0.400 AUD, while its 52-week range spans from 0.255 AUD to 0.495 AUD.
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