Magnetite Mines Limited [ASX:MGT] share price and news 2022

Company Description

Magnetite Mines Limited (MGT) is an iron ore focussed mineral exploration company exploring for magnetite iron ore in the Mawson Iron Province of South Australia. The company’s flagship projects, the Razorback Iron and Mawson Iron Project.

Magnetite Mines Limited belongs to Materials sector and under industry of Steel. You can get more information about this company via their website: http://www.magnetitemines.com.

This a small cap company with market cap of 77 millions.

Compared to Market and Sector

The following table compares the company to Market and Sector based on Earning, Price/Earning ratio(P/E), Price/Book ratio (P/B) and PE growth.

Company PE is less than both sector and market. while Company PB is greater than both sector and market. On the other hand, Company Earning is less than both sector and market.

Earnings PE PB PE growth
Company 0 0 8.18 0
Market 0.85 22.3 1.99 0.84
Sector 1.02 15.5 2.44 0.55

Dividend Growth Chart

The following chart shows you how mgt dividend grows in the recent years.

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