Magnetite Mines Limited (ASX:MGT)

Market Cap	10.98M -26.8%
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	118,015
Average Volume	416,488
Open	0.0550
Previous Close	0.0540
Day's Range	0.0530 - 0.0560
52-Week Range	0.0500 - 0.2900
Beta	-0.14
RSI	49.31
Earnings Date	Mar 9, 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 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.