MGX Shares MGX Resources Limited
ASX · ASXLast in our picks 2026-09-30 — not in the current list; analysis below is from that screen
Deep-value iron ore exposure with leverage to pricing stabilization and sentiment recovery.
Future value: $0.38 (+15.15%) · 6-12 months
Signal breakdown
- ▸Cyclical turnaround potential, but liquidity and commodity risk are high.
- ▾Below 50-day MA (-4.82%)
- ▾Near 52-week low (5.7% of range)
Is MGX a buy right now?
Trend: MGX is trading below the 50-day average (-14.71%), RSI 47 — neutral momentum, with a 3-month return of -12.12%.
Valuation & quality: MGX Resources Limited trades on forward P/E 14.5, PEG 0.10, price-to-book 0.81; fundamentals show net margin -14.8%, return on equity -6.9%, revenue growth -66.6% year on year.
Our screen: WATCH (score 0) — Deep-value iron ore exposure with leverage to pricing stabilization and sentiment recovery.
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 |
|---|---|---|---|---|---|---|---|
| -14.90% | +0.00% | -12.50% | +0.00% | -8.60% | +15.60% | -10.80% | -12.10% |
Fundamentals
Technical signals
About MGX Resources Limited
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia.
Sector: Basic Materials · Industry: Steel · Australia · 172 employees · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.