Last €0.18 EUR
Change Today -0.004 / -2.17%
Volume 8.0K
As of 4:20 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

magnis resources ltd (U1P) Snapshot

Open
€0.19
Previous Close
€0.18
Day High
€0.19
Day Low
€0.18
52 Week High
07/24/14 - €0.21
52 Week Low
03/10/14 - €0.05
Market Cap
51.5M
Average Volume 10 Days
2.1K
EPS TTM
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Shares Outstanding
286.2M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for MAGNIS RESOURCES LTD (U1P)

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magnis resources ltd (U1P) Details

Magnis Resources Limited explores and develops mineral properties in Australia and East Africa. The company explores for uranium, coal, graphite, gold, nickel, iron, and rare earth elements. It has interests in the graphite project in south east of Tanzania; coal projects in the Southern and Central Tanzania, and Western Australia and Northern Territory Pine Creek gesoyncline in Australia; and Coal projects in Tanzania, as well as nickel-iron deposits in the north of Tanzania. The company was formerly known as Uranex Limited and changed its name to Magnis Resources Limited in September 2014. Magnis Resources Limited is based in Sydney, Australia.

5 Employees
Last Reported Date: 08/19/14

magnis resources ltd (U1P) Top Compensated Officers

Head of Operations and Member of Sustainabili...
Total Annual Compensation: A$260.0K
Compensation as of Fiscal Year 2014.

magnis resources ltd (U1P) Key Developments

Magnis Resources Limited Announces Executive Changes

Magnis Resources Limited announced the appointment of Mr. Doug Richardson as Company Secretary effective immediately. Doug has over 20 years experience in the financial services and resource sectors. His experience has included investment research, analytics and client advising for various organizations including GIO Asset Management, the Australian Prudential Regulation Authority and Suncorp. Mr. Christopher Lioutas will move into the role of Legal Counsel.

Magnis Resources Signs MOU to Develop Nachu Graphite Project

Magnis Resources Ltd. has signed a memorandum of understanding (MOU) with China Railway 24th Bureau Group Co Ltd. They will enter formal negotiations to secure a contract for engineering, procurement, construction and contract mining at the Nachu Graphite Plant. Proposed value of the contract is $150 million. Next steps are a site visit and negotiations for the signing of contracts. The aim is for project development commencement in 2015.

Magnis Resources Ltd Signs Binding Offtake Agreement with China National Materials Import and Export Corporation

Magnis Resources Ltd. has signed a binding Offtake Agreement with China National Materials Import and Export Corporation (SINOMA). Under the Offtake Agreement, SINOMA has agreed to purchase 80,000 tonnes of graphite per annum across all size ranges for a period of 5 years with an option to extend. This agreement follows SINOMA's evaluation of graphite samples from Magnis's Nachu project.

 

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Valuation U1P Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5,956.7x
Price/Book 54.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 5,473.4x
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