Exploring Multiverse Mining and Exploration Plc’s 2023 Interim Results
Multiverse Mining and Exploration Plc, a publicly traded company listed on the Nigerian Stock Exchange in the Mining sector, has recently unveiled its interim results for the first half of 2023. Commonly known as MULTIV.ng, the organisation is authorised to extract a variety of minerals, including zinc, copper, gold, lead, tantalite, tin, and barite within Nigeria. Headquartered in Lagos, Multiverse Mining and Exploration Plc has been consistently demonstrating significant progress within the mining industry.
Over the past 12 months leading up to July 2, 2023, Multiverse Mining and Exploration Plc’s total indicative share trading liquidity has amounted to US$1.07M (NGN468.99M), averaging at US$88.92K (NGN39.08M) per month. This depicts a healthy level of trading activity associated with the company’s stock.
The operations of Multiverse Mining and Exploration Plc encompass a zinc and lead mine site located in the Awe Local Government Area in Nasarawa State, alongside exploration licenses that encompass tin ore, tantalite ore, and copper ore. Furthermore, their granite quarrying operation in Ogun State has displayed notable growth over the years, with the company’s installed capacity escalating from 600,000 tons per annum to over 1 million tons within a decade.
The current share price of the company stands at 3.63 NGN, indicating a 10.00% increase as of November 17, 2023.
As part of its commitment to transparency and stakeholders, Multiverse Mining and Exploration Plc has been meticulous in issuing regular reports and announcements. The company recently released its Q3 2023 Interim Report on October 25, 2023, and declared an interim dividend of 0.05 NGN per share on May 11, 2023. Its 2022 Annual Report was also made available to the public on May 3, 2023.
The company’s consistent updates and reports reflect its robust performance and dedication to keeping investors and the public informed about its operations and financial standing.
In conclusion, the interim results of Multiverse Mining and Exploration Plc for the first half of 2023 depict an organisation that is actively engaged in the exploration and extraction of various ores in Nigeria. With a solid track record and a commitment to growth and transparency, it continues to be a pivotal player in the mining sector.
While investors and stakeholders closely monitor the company’s performance, Multiverse Mining and Exploration Plc remains steadfast in delivering value and upholding its position as a leading mining and exploration company in Nigeria.
