Magnetite Mines Limited (ASX:MGT)

Market Cap	9.80M -11.4%
Revenue (ttm)	1.22K -99.4%
Net Income	-4.19M
EPS	-0.04
Shares Out	196.04M
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	542,408
Average Volume	794,717
Open	0.0520
Previous Close	0.0520
Day's Range	0.0500 - 0.0520
52-Week Range	0.0480 - 0.2900
Beta	0.07
RSI	43.72
Earnings Date	Mar 10, 2026

About Magnetite Mines

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. The company’s flagship project is the Razorback Iron Ore project that includes 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.

• Industry: Other Industrial Metals & Mining
• Sector: Materials
• Founded: 2004
• Country: Australia
• Stock Exchange: Australian Securities Exchange
• Ticker Symbol: MGT

Financial Performance

In fiscal year 2025, Magnetite Mines's revenue was 1,223, a decrease of -99.43% compared to the previous year's 214,494. Losses were -4.19 million, -13.62% less than in 2024.