MGT Shares Magnetite Mines Limited
ASX · ASXLast in our picks 2026-10-24 — not in the current list; analysis below is from that screen
Digital security and technology exposure offer speculative upside, though cybersecurity relevance is indirect.
Future value: $0.02 (+42.86%) · 6-12 months
Signal breakdown
- ▸Highly speculative technology exposure with limited confirmed buy signals.
- ▾Below 50-day MA (-16.02%)
- ▾Near 52-week low (1.9% of range)
- ▸~43% upside to price target
Is MGT a buy right now?
Trend: MGT is trading below the 50-day average (-30.00%), RSI 44 — neutral momentum, with a 3-month return of -17.65%.
Valuation & quality: Magnetite Mines Limited trades on price-to-book 0.08; fundamentals show net margin 0.0%, return on equity -10.2%, revenue growth -17.1% year on year.
Our screen: ACCUMULATE (score 1) — Digital security and technology exposure offer speculative upside, though cybersecurity relevance is indirect.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -20.00% | -25.00% | +0.00% | -33.30% | +0.00% | +0.00% | -50.00% | +0.00% |
Fundamentals
Technical signals
About Magnetite Mines Limited
Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. The company explores for iron, rare earth element, silver, copper, and gold. Its flagship project is the Razorback Iron Ore project comprising of the Razorback and Iron Peak deposits located in Adelaide, South Australia.
Sector: Basic Materials · Industry: Other Industrial Metals & Mining · Australia · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.