Magnetite Mines (ASX: MGT) Share Price

MGT

$0.025–+0.00%

$3.3MRank #1764 on ASXBasic MaterialsIndustrial Materials

Prices updated 13 June 2026, 9:40 am AEST · Data: Financial Modeling Prep

Market Cap

$3.3M

Volume

32K

P/E Ratio

-1.19

EPS

-$0.0113

Dividend Yield

0.00%

52-Week High

$0.29

52-Week Low

$0.025

Beta

-0.047

Magnetite Mines (ASX: MGT) is an Australian-listed company in the Basic Materials sector with a market capitalisation of $3.3M and the 1764th-largest security on the ASX by market capitalisation. The MGT share price is $0.025, up 0.00% today and down 75.00% over the past 12 months. Shares have traded between $0.025 and $0.29 over the past 52 weeks. In its most recent reported period (ending 31 Dec 2025), Magnetite Mines reported revenue of $0 and a net loss of $1.9M.

Charts

$0.03

24H Range

$0.025

$0.027

52-Week Range

$0.025

$0.29

About Magnetite Mines Limited

Magnetite Mines Limited (MGT.AX) is an Australian enterprise primarily engaged in the exploration of mineral deposits across South Australia. Its flagship asset is the Razorback Iron project, which incorporates the Razorback Ridge, Iron Peak, and Ironback Hill deposits, all situated in the Adelaide region of South Australia. The firm, established in 2004, operated under the name Royal Resources Limited until December 2015, when it officially became Magnetite Mines Limited. The company's principal office is located in Wayville, Australia.

IPO Date

5 Apr 2006

CEO

Timothy Leigh Dobson

Website

magnetitemines.com

Key Financial Data

Revenue (Quarterly)	$0
Net Income (Quarterly)	$-1.9M
Total Assets	$43.3M
Total Debt	$2.6M
Free Cash Flow	$-1.3M
Return on Equity	-4.73%
Profit Margin	—
Operating Margin	—

MGT Frequently Asked Questions

What is the Magnetite Mines (ASX: MGT) share price?

The MGT share price is $0.025, up 0.00% for the day, based on the latest available ASX market data.

What is Magnetite Mines's market capitalisation?

Magnetite Mines has a market capitalisation of $3.3M, making it the 1764th-largest security listed on the ASX.

Does Magnetite Mines pay a dividend?

MGT does not currently have a dividend on record. Some companies, particularly those reinvesting in growth or not yet profitable, do not pay dividends.

Is Magnetite Mines profitable?

In its most recent reported period (ending 31 Dec 2025), MGT reported revenue of $0 and a net loss of $1.9M.

How many MGT shares are on issue?

Magnetite Mines has approximately 130,644,520 shares on issue, based on its market capitalisation of $3.3M and current share price.

What sector is Magnetite Mines in?

Magnetite Mines is classified in the Basic Materials sector, within the Industrial Materials industry on the ASX.

When did Magnetite Mines list on the ASX?

Magnetite Mines listed on the Australian Securities Exchange on 5 Apr 2006.

Latest News

Magnetite Mines (ASX:MGT) Shares in Focus After Strategic Reset and CEO Transition

Kalkine26 May 2026

Magnetite Mines (ASX:MGT) Shares in Focus After Strategic Reset and CEO Transition Kalkine

MGT:ASX Announcement - Results of EGM - 29 May 2026

Market Index29 May 2026

MGT:ASX Announcement - Results of EGM - 29 May 2026 Market Index

Does Magnetite Mines (ASX:MGT) Have A Healthy Balance Sheet?

simplywall.st1 Oct 2025

Does Magnetite Mines (ASX:MGT) Have A Healthy Balance Sheet? simplywall.st

Magnetite Mines Announces Strategic Reset and Leadership Transition

Sharecafe26 May 2026

Magnetite Mines Announces Strategic Reset and Leadership Transition Sharecafe

Resources Top 5: Magnetite Mines identifies REE as potential iron ore value add

Stockhead19 Aug 2025

Resources Top 5: Magnetite Mines identifies REE as potential iron ore value add Stockhead

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Historical Prices

Date	Open	High	Low	Close	Volume	Change %
12 June 2026	$0.027	$0.027	$0.025	$0.025	32K	–+0.00%
11 June 2026	$0.026	$0.026	$0.025	$0.025	87K	▼-7.41%
10 June 2026	$0.026	$0.027	$0.026	$0.027	345K	▲+8.00%
9 June 2026	$0.026	$0.026	$0.025	$0.025	227K	–+0.00%
8 June 2026	$0.026	$0.026	$0.025	$0.025	100K	–+0.00%
5 June 2026	$0.025	$0.025	$0.025	$0.025	100K	–+0.00%
4 June 2026	$0.026	$0.026	$0.025	$0.025	349K	▼-7.41%
3 June 2026	$0.026	$0.027	$0.025	$0.027	228K	▲+3.85%
2 June 2026	$0.026	$0.026	$0.026	$0.026	700K	▼-3.70%
1 June 2026	$0.026	$0.027	$0.026	$0.027	709K	–+0.00%
29 May 2026	$0.028	$0.028	$0.027	$0.027	582K	▼-3.57%
28 May 2026	$0.028	$0.028	$0.028	$0.028	141K	–+0.00%
27 May 2026	$0.03	$0.03	$0.028	$0.028	630K	▼-9.68%
26 May 2026	$0.033	$0.033	$0.031	$0.031	561K	▼-3.13%
25 May 2026	$0.031	$0.032	$0.03	$0.032	450K	▲+10.34%
22 May 2026	$0.029	$0.029	$0.028	$0.029	253K	–+0.00%
21 May 2026	$0.029	$0.029	$0.028	$0.029	119K	▲+3.57%
20 May 2026	$0.028	$0.028	$0.028	$0.028	4.7K	–+0.00%
19 May 2026	$0.031	$0.031	$0.028	$0.028	389K	–+0.00%
18 May 2026	$0.029	$0.03	$0.028	$0.028	350K	▼-3.45%
15 May 2026	$0.029	$0.029	$0.029	$0.029	11K	–+0.00%
14 May 2026	$0.03	$0.031	$0.029	$0.029	1.3M	▼-3.33%
13 May 2026	$0.028	$0.03	$0.028	$0.03	90K	▲+7.14%
12 May 2026	$0.026	$0.029	$0.026	$0.028	1.9M	▲+7.69%
11 May 2026	$0.026	$0.026	$0.026	$0.026	224K	–+0.00%
8 May 2026	$0.028	$0.028	$0.026	$0.026	973K	▼-7.14%
7 May 2026	$0.027	$0.028	$0.027	$0.028	117K	▲+3.70%
6 May 2026	$0.027	$0.027	$0.026	$0.027	347K	–+0.00%
5 May 2026	$0.027	$0.027	$0.026	$0.027	456K	–+0.00%
4 May 2026	$0.028	$0.028	$0.027	$0.027	113K	–+0.00%

About Magnetite Mines Limited

IPO Date

5 Apr 2006

CEO

Timothy Leigh Dobson

Website

magnetitemines.com

MGT Frequently Asked Questions

What is the Magnetite Mines (ASX: MGT) share price?

The MGT share price is $0.025, up 0.00% for the day, based on the latest available ASX market data.

What is Magnetite Mines's market capitalisation?

Magnetite Mines has a market capitalisation of $3.3M, making it the 1764th-largest security listed on the ASX.

Does Magnetite Mines pay a dividend?

MGT does not currently have a dividend on record. Some companies, particularly those reinvesting in growth or not yet profitable, do not pay dividends.

Is Magnetite Mines profitable?

In its most recent reported period (ending 31 Dec 2025), MGT reported revenue of $0 and a net loss of $1.9M.

How many MGT shares are on issue?

Magnetite Mines has approximately 130,644,520 shares on issue, based on its market capitalisation of $3.3M and current share price.

What sector is Magnetite Mines in?

Magnetite Mines is classified in the Basic Materials sector, within the Industrial Materials industry on the ASX.

When did Magnetite Mines list on the ASX?

Magnetite Mines listed on the Australian Securities Exchange on 5 Apr 2006.

Company

Market Cap

Price

P/E

Div Yield

1D Change

GW1Greenwing Resources Ltd

$20.7M

$0.077

-3.09

0.00%

▲+11.59%

CRBCarbine Resources Limited

$13.1M

$0.011

-4.04

0.00%

–+0.00%

PATPatriot Resources Limited

$12.3M

$0.073

-1.97

0.00%

▲+4.29%

GREGreenTech Metals Limited

$8.3M

$0.07

-3.24

0.00%

–+0.00%

JNOJuno Minerals Limited

$6.1M

$0.029

-4.10

0.00%

▼-3.33%

WYXWestern Yilgarn NL

$5.2M

$0.033

-2.94

0.00%

–+0.00%

HREHeavy Rare Earths Limited

$5.0M

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-0.80

0.00%

–+0.00%

YARYari Minerals Limited

$4.1M

$0.006

-1.75

0.00%

▲+20.00%

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BHPBHP Group Limited

$319.73B

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$299.34B

$184.32

▲+71.76%

NEMNewmont Corporation

$147.10B

$137.79

▲+65.05%

FMGFortescue Ltd

$62.23B

$20.21

▲+28.80%

NSTNorthern Star Resources Limited

$27.49B

$19.26

▼-10.17%

AAIAlcoa Corporation

$25.55B

$96.83

▲+121.46%

EVNEvolution Mining Limited

$23.87B

$11.75

▲+33.83%

PLSPLS Group Limited

$21.00B

$6.52

▲+385.82%

S32South32 Limited

$20.26B

$4.52

▲+50.33%

JHXJames Hardie Industries plc

$19.49B

$33.58

▼-17.13%

Historical Prices

Date	Open	High	Low	Close	Volume	Change %
12 June 2026	$0.027	$0.027	$0.025	$0.025	32K	–+0.00%
11 June 2026	$0.026	$0.026	$0.025	$0.025	87K	▼-7.41%
10 June 2026	$0.026	$0.027	$0.026	$0.027	345K	▲+8.00%
9 June 2026	$0.026	$0.026	$0.025	$0.025	227K	–+0.00%
8 June 2026	$0.026	$0.026	$0.025	$0.025	100K	–+0.00%
5 June 2026	$0.025	$0.025	$0.025	$0.025	100K	–+0.00%
4 June 2026	$0.026	$0.026	$0.025	$0.025	349K	▼-7.41%
3 June 2026	$0.026	$0.027	$0.025	$0.027	228K	▲+3.85%
2 June 2026	$0.026	$0.026	$0.026	$0.026	700K	▼-3.70%
1 June 2026	$0.026	$0.027	$0.026	$0.027	709K	–+0.00%
29 May 2026	$0.028	$0.028	$0.027	$0.027	582K	▼-3.57%
28 May 2026	$0.028	$0.028	$0.028	$0.028	141K	–+0.00%
27 May 2026	$0.03	$0.03	$0.028	$0.028	630K	▼-9.68%
26 May 2026	$0.033	$0.033	$0.031	$0.031	561K	▼-3.13%
25 May 2026	$0.031	$0.032	$0.03	$0.032	450K	▲+10.34%
22 May 2026	$0.029	$0.029	$0.028	$0.029	253K	–+0.00%
21 May 2026	$0.029	$0.029	$0.028	$0.029	119K	▲+3.57%
20 May 2026	$0.028	$0.028	$0.028	$0.028	4.7K	–+0.00%
19 May 2026	$0.031	$0.031	$0.028	$0.028	389K	–+0.00%
18 May 2026	$0.029	$0.03	$0.028	$0.028	350K	▼-3.45%
15 May 2026	$0.029	$0.029	$0.029	$0.029	11K	–+0.00%
14 May 2026	$0.03	$0.031	$0.029	$0.029	1.3M	▼-3.33%
13 May 2026	$0.028	$0.03	$0.028	$0.03	90K	▲+7.14%
12 May 2026	$0.026	$0.029	$0.026	$0.028	1.9M	▲+7.69%
11 May 2026	$0.026	$0.026	$0.026	$0.026	224K	–+0.00%
8 May 2026	$0.028	$0.028	$0.026	$0.026	973K	▼-7.14%
7 May 2026	$0.027	$0.028	$0.027	$0.028	117K	▲+3.70%
6 May 2026	$0.027	$0.027	$0.026	$0.027	347K	–+0.00%
5 May 2026	$0.027	$0.027	$0.026	$0.027	456K	–+0.00%
4 May 2026	$0.028	$0.028	$0.027	$0.027	113K	–+0.00%