MAG - Bullish Trade PlanMAG plummeted hard but seems that it has managed to find support at the 78.6 Fibonacci Retracement level. This is a positive sign and any bullish price action should provide confidence to get long. My initial target would be $0.180 (potential 30% gain) with a tight stop below the current swing low.
Magmatic Res Ltd.
No trades
−0.003419 USD
−1.43 M USD
0.00 USD
502.23 M
About Magmatic Resources Ltd.
Sector
Industry
CEO
David J. Richardson
Website
Headquarters
Orange
Founded
2016
IPO date
May 19, 2017
Identifiers
2
ISIN AU000000MAG5
Magmatic Resources Ltd. engages in the business of mineral exploration. The firm focuses on copper and gold properties and other base metals in Orange, New South Wales. Its projects include Wellington North, Parkes, Myall, and Weebo Gold project. The company was founded by David J. Richardson in 2014 and is headquartered in Orange, Australia.
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Frequently Asked Questions
Depending on the exchange, the stock ticker may vary. For instance, on OTC exchange Magmatic Res Ltd. stocks are traded under the ticker MGRLF.
Yes, you can track Magmatic Res Ltd. financials in yearly and quarterly reports right on TradingView.
MGRLF net income for the last half-year is −884.88 K USD, while the previous report showed −511.11 K USD of net income which accounts for −73.13% change. Track more Magmatic Res Ltd. financial stats to get the full picture.
No, MGRLF doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, MGRLF shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Magmatic Res Ltd. stock right from TradingView charts — choose your broker and connect to your account.


