The Magnetite Mines Limited (ASX: MGT) share price is up 34% since the start of this week, leaving investors scratching their heads.
There’s been no real news from the mineral explorer for nearly a month. Could Cyclone Sejora – which devastated parts of Western Australia earlier this week – be to blame?
The Magnetite Mines share price began the week trading for 4.7 cents. It’s since risen to 6.3 cents.
Let’s take a closer look at what’s been going on with iron ore mining company lately.
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The question many interested investors are asking was also put to Magnetite Mines by the ASX yesterday, in the form of a price query.
The ASX asked why the Magnetite Mines share price was trading for 4.4 cents last…