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Magontec Limited Company Snapshot
Magontec Limited is an Australia-based company, which is engaged in manufacture, sale and distribution of alloys, magnesium and titanium cathodic corrosion protection products. The Company is also engaged in research and development of new proprietary magnesium, alloys and technologies and cathodic corrosion protection products (CCP). Its products and services include Primary Mg Alloy, Magnesium Alloy Recycling and Cathodic Corrosion Protection. The Company is exporter of alloys to die cast customers in Asia, Europe and the Americas. It produces alloys from its production facilities in Shanxi and Qinghai Provinces PRC. The Company's alloys are recyclable returning to the industrial cycle a scrap product from die cast magnesium applications. It has recycling facilities in Germany and Romania. The Company manufactures and provides technical support for product lines for water storage vessel protection under brand names, including HyTonic Anodes and Correx Impressed Current Systems.

Sales Analysis. During the second quarter of 2021, sales at Magontec Limited totalled A$50.86 million. This is an increase of 10.6% from the A$45.98 million in sales at the company during the second quarter of 2020. During the year ended December of 2020, sales at Magontec Limited were A$95.07 million (US$68.99 million). This is a sharp decrease of 27.2% versus 2019, when the company's sales were A$130.62 million.
   
   
 
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Magontec Limited
  Stock Performance Chart for Magontec Limited
 
  Stock Data: Recent Stock Performance:
  Current Price (9/24/2021): .35
(Figures in Australian Dollars)
1 Week -11.5%   13 Weeks 11.3%  
4 Weeks 35.3%   52 Weeks 76.9%  
 
Magontec Limited Key Data:
  Ticker: MGL Country: Australia
  Exchanges: ASX Major Industry: Capital Goods
    Sub Industry: Nonferrous Rolling & Drawing
  2020 Sales 95,068,000
(Year Ending Jan 2021).
Employees: 325
  Currency: Australian Dollars Market Cap: 26,471,272
  Fiscal Yr Ends: December Shares Outstanding: 76,728,324
  Share Type: Ordinary Closely Held Shares: 45,638,401
 
 
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