Magnetite Mines (ASX:MGT) 6-Month Price Index : 1.23 (As of Jun. 07, 2024)

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What is Magnetite Mines 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-07), Magnetite Mines's 6-Month Price Index is 1.23.

Competitive Comparison of Magnetite Mines's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Magnetite Mines's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magnetite Mines (ASX:MGT) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Magnetite Mines (ASX:MGT) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Magnetite Mines 6-Month Price Index Related Terms

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Magnetite Mines (ASX:MGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnetite Mines Ltd (ASX:MGT) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.magnetitemines.com

Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.

Magnetite Mines (ASX:MGT) Headlines

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