Mount Gibson Iron (ASX:MGX) Shares Pass Below 200-Day Moving Average of $0.00

Mount Gibson Iron Limited (ASX:MGX) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as low as $0.93. Mount Gibson Iron shares last traded at $0.94, with a volume of 4,455,646 shares.

The stock has a 50 day moving average of A$1.05. The firm has a market capitalization of $1.06 billion and a price-to-earnings ratio of 16.21.

Mount Gibson Iron Company Profile (ASX:MGX)

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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