Market research
MGT.AU Magnetite Mines Limited
AU AUD Basic Materials
Latest close
As of 30 Oct 2026
Test a moving-average rule with historical data.
Market facts
- Market cap
- 3M
- P/E ratio
- Not available
- Analyst target
- Not available
- Dividend yield
- Not available
- Beta
- 0.09
Profile
Instrument facts
- Exchange
- AU
- Currency
- AUD
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- ISIN
- AU000000MGT5
- Market cap
- 3M
- P/E ratio
- Not available
- Analyst target
- Not available
- Dividend yield
- Not available
- Beta
- 0.09
About
About Magnetite Mines Limited
Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. The company explores for iron, rare earth element, silver, copper, and gold. Its flagship project is the Razorback Iron Ore project comprising of the Razorback and Iron Peak 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 based in Adelaide, Australia.
Research context
Magnetite Mines Limited appears in PyInvesting’s Australia Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- AUD
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
These are the latest stored catalogue classifications, not a historical classification snapshot. An issuer description, classification effective date or currency may be unavailable. Check the issuer’s own disclosures and the observation dates before using these fields for research.
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Community
Investor discussion
1 comment
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5 years, 6 months ago
Magnetite Mines Limited is currently in a long term uptrend where the price is trading 63.3% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.0.
Magnetite Mines Limited's total revenue rose by 1676.2% to $7K since the same quarter in the previous year.
Its net income has dropped by 36047.3% to $-795K since the same quarter in the previous year.
Finally, its free cash flow fell by 46.0% to $-651K since the same quarter in the previous year.
Based on the above factors, Magnetite Mines Limited gets an overall score of 3/5.