Magontec Ltd (ASX:MGL) Shares Reach 52-Week High During Trading Session

Anjali Anand

12 August 2026 07:28 PM AEST

Magontec Ltd (ASX:MGL) Shares Reach 52-Week High During Trading Session

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Magontec Ltd (ASX:MGL) shares reached a 52-week high of AUD 0.26 on 12 August 2026.
The stock closed at AUD 0.25 after recording a daily increase of 19.05%.
Shares traded between AUD 0.22 and AUD 0.26 during the session.
The closing price remained close to the highest level recorded during the trading day.
Magontec was among ASX-listed companies reaching their highest price level over the past year.

Magontec Ltd (ASX:MGL) recorded a notable Trading session on 12 August 2026, with its shares reaching a 52-week high of AUD 0.26. The stock closed at AUD 0.25, following a daily gain of 19.05%, or AUD 0.040, compared with the previous closing price of AUD 0.21.

The company’s shares opened at AUD 0.22 and traded up to the session high of AUD 0.26. The stock also recorded AUD 0.22 as its lowest price during the session, creating a daily trading range of AUD 0.22 to AUD 0.26.

The latest movement placed Magontec among ASX-listed stocks trading near their highest levels recorded over the previous 12 months.

ASX:MGL Share Price Movement on 12 August 2026

During the trading session, Magontec shares moved above the previous closing level of AUD 0.21. The stock closed at AUD 0.25, which was AUD 0.01 below the intraday high of AUD 0.26.

The provided market information showed a Market Capitalisation of AUD 14.5mn. The available trading data also listed the company’s 52-week range between AUD 0.19 and AUD 0.26.

A 52-week high reflects the highest price level a stock has reached over a one-year period. For Magontec, the AUD 0.26 level represented the upper point of its recorded annual trading range.

Understanding Magontec’s 52-Week High Level

A stock reaching a 52-week high indicates that its Market Price has moved to the highest point recorded during the previous year. This measure is commonly used to understand recent share price performance compared with historical trading levels.

For Magontec Ltd, the share price reached AUD 0.26 during the session, while the 52-week low was recorded at AUD 0.19. The closing price of AUD 0.25 remained close to the upper end of this range.

However, a 52-week high only provides historical price information and does not explain the reasons behind a share price movement. Additional company announcements, financial results, and operational updates would be required for a broader assessment.

Magontec Share Price and Trading Range

The 12 August 2026 session showed movement from an opening price of AUD 0.22 to a high of AUD 0.26. After reaching the day’s peak, the stock closed at AUD 0.25.

The closing price represented an increase of AUD 0.040 from the previous close of AUD 0.21. The movement reflected increased trading activity during the session, with the stock ending close to its daily high.

The company’s available market information did not include Dividend details or a price-to-earnings ratio in the provided data.

52-Week High ASX Stocks and Market Activity

Stocks reaching 52-week highs often attract attention as they represent companies trading at the highest levels recorded within a recent one-year period. These milestones provide a reference point for market activity but do not independently indicate future performance.

Magontec’s latest session showed the stock moving to the top of its annual trading range. The available information confirms the share price movement, trading range, and 52-week levels, while no additional company-specific updates were provided with the market data.

For readers following ASX stocks reaching new highs, the share price milestone provides one aspect of market performance, while broader company information may be required to understand other factors.

Conclusion

Magontec Ltd (ASX:MGL) reached a 52-week high of AUD 0.26 on 12 August 2026 before closing at AUD 0.25. The shares increased by 19.05%, or AUD 0.040, compared with the previous close of AUD 0.21. The stock traded between AUD 0.22 and AUD 0.26 during the session, with the closing price remaining close to the daily high. The available data highlights Magontec’s latest share price movement and annual trading range, while further company information would be required for additional analysis.

FAQs

Q: What was Magontec Ltd’s (ASX:MGL) closing share price on 12 August 2026?

A:Magontec Ltd closed at AUD 0.25 on 12 August 2026.

Q: What was Magontec Ltd’s 52-week high price?

A:The company’s recorded 52-week high was AUD 0.26.

Q: How much did Magontec shares rise during the session?

A:The shares increased by 19.05%, or AUD 0.040, compared with the previous closing price of AUD 0.21.

Q: What was Magontec’s trading range on 12 August 2026?

A:The stock traded between AUD 0.22 and AUD 0.26 during the session.

Q: What does reaching a 52-week high mean?

A:A 52-week high represents the highest recorded share price over the previous 12 months and does not indicate future price movements.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.