will it antenna? i think it will
split ring resonator has already two different lengths of paths so - even without accounting on how these two interact - you could expect two different frequencies where it's resonant, with peaks perhaps overlapping to a useful degree making a decently wide band possible. it looks a bit like halo antenna with parasitic, downside being that it's probably a bit hard to feed it, circumference has to be halfwave on lowest frequency and if made for HF it'd be gigantic
i think it's more useful to think of magloop as extremely shortened, low impedance, low bandwith halo antenna