Insider Buying: Mount Gibson Iron Limited (ASX:MGX) Insider Acquires 226,268 Shares of Stock

Mount Gibson Iron Limited (ASX:MGX) insider Hui Lee bought 226,268 shares of Mount Gibson Iron stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of A$0.75 ($0.53) per share, for a total transaction of A$169,022.20 ($119,873.90).

Hui Lee also recently made the following trade(s):

  • On Monday, September 23rd, Hui Lee bought 550,555 shares of Mount Gibson Iron stock. The shares were acquired at an average price of A$0.74 ($0.53) per share, for a total transaction of A$408,511.81 ($289,724.69).
  • On Friday, September 13th, Hui Lee bought 130,000 shares of Mount Gibson Iron stock. The shares were acquired at an average price of A$0.75 ($0.53) per share, for a total transaction of A$97,500.00 ($69,148.94).
  • On Tuesday, September 10th, Hui Lee bought 620,000 shares of Mount Gibson Iron stock. The shares were acquired at an average price of A$0.73 ($0.52) per share, for a total transaction of A$451,980.00 ($320,553.19).
  • On Thursday, September 5th, Hui Lee bought 1,060,000 shares of Mount Gibson Iron stock. The shares were acquired at an average price of A$0.71 ($0.50) per share, for a total transaction of A$753,660.00 ($534,510.64).

ASX:MGX opened at A$0.72 ($0.51) on Friday. The company has a current ratio of 6.12, a quick ratio of 5.73 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $813.66 million and a price-to-earnings ratio of 6.00. The firm’s fifty day simple moving average is A$0.75 and its 200 day simple moving average is A$0.97. Mount Gibson Iron Limited has a twelve month low of A$0.44 ($0.31) and a twelve month high of A$1.31 ($0.93).

The firm also recently announced a Final dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 26th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 3rd. This represents a dividend yield of 5.48%. Mount Gibson Iron’s payout ratio is 33.33%.

About Mount Gibson Iron

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.

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Insider Buying and Selling by Quarter for Mount Gibson Iron (ASX:MGX)

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