Magnetite Mines Limited (ASX:MGT)

Market Cap	8.04M -25.0%
Revenue (ttm)	-38.78K -99.4%
Net Income	-3.88M
EPS	-0.03
Shares Out	196.04M
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	132,576
Average Volume	955,324
Open	0.0400
Previous Close	0.0400
Day's Range	0.0400 - 0.0410
52-Week Range	0.0370 - 0.2900
Beta	-0.08
RSI	34.97
Earnings Date	Mar 17, 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.