Magontec Limited (MGL.AX)
Magontec Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Sydney, NSW, AU. The stock last traded at $0.25, up 19.05% on the session, giving a market capitalisation of $14.5M. Its beta of 0.21 implies it has historically moved less than the broad market.
Magontec Limited, through its subsidiaries, focuses on the worldwide research, development, manufacturing, and sale of both common and specialized metal alloys, with operations spanning Asia, the Americas, Europe, and other international regions. A significant aspect of its business involves the production and distribution of magnesium and titanium cathodic corrosion protection (CCP) systems, which are utilized in water storage units. These offerings comprise HyTonic anodes, Correx impressed current systems, CorroScout measurement tools, and S-Patron intelligent monitoring and control systems. The company also undertakes the recycling of magnesium alloys. Established in 1953, the firm was formerly known as Advanced Magnesium Limited until its renaming to Magontec Limited in November 2011, and its primary office is located in Potts Point, Australia.
Magontec Limited is most often compared with the following Basic Materials names: