Why the Magnetite Mines (ASX:MGT) share price is rocketing 10% Why the Magnetite Mines (ASX:MGT) share price is rocketing 10% The Magnetite Mines Ltd (ASX: MGT) share price is 10% higher in early morning trade. We take a closer look into what the company announced today. Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills.