Mount Gibson Iron (ASX:MGX) Shares Pass Above 50-Day Moving Average of $0.88

Mount Gibson Iron Limited (ASX:MGX) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.88 and traded as high as $0.75. Mount Gibson Iron shares last traded at $0.74, with a volume of 1,235,696 shares traded.

The company has a market capitalization of $829.35 million and a P/E ratio of 12.67. The company has a 50-day simple moving average of A$0.88 and a 200 day simple moving average of A$0.96.

Mount Gibson Iron Company Profile (ASX:MGX)

Mount Gibson Iron Limited, together with its subsidiaries, engages in the mining, exploration, crushing, transportation, and sale of hematite iron ore deposits in Australia. The company primarily operates the Koolan Island mine located in the Kimberley coast of Western Australia; and the Extension Hill/Iron Hill mine located in the Mount Gibson range in the mid-west region of Western Australia.

See Also: What is the Gross Domestic Product (GDP)?

Receive News & Ratings for Mount Gibson Iron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mount Gibson Iron and related companies with MarketBeat.com's FREE daily email newsletter.