Magontec (ASX:MGL) Trading Up 32%

Magontec Ltd (ASX:MGL)’s stock price was up 32% during trading on Thursday . The stock traded as high as A$0.03 ($0.02) and last traded at A$0.03 ($0.02). Approximately 21,000 shares traded hands during mid-day trading, an increase of ∞ from the average daily volume of 0 shares. The stock had previously closed at A$0.03 ($0.02).

The firm has a 50 day simple moving average of A$0.03. The firm has a market cap of $28.50 million and a price-to-earnings ratio of 25.00. The company has a debt-to-equity ratio of 52.14, a quick ratio of 1.13 and a current ratio of 1.90.

About Magontec (ASX:MGL)

Magontec Limited, together with its subsidiaries, manufactures and sells generic and specialist magnesium alloys in Asia, Europe, and the Americas. The company manufactures and distributes magnesium and titanium cathodic corrosion protection products, such as HyTonic anodes, Correx impressed current systems, CorroScout measuring systems, and S-Patron intelligent measuring and control systems.

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