Multiverse Mining and Exploration Plc Q32023 Interim Financial Report
Multiverse Mining and Exploration Plc, a company listed on the Nigerian Stock Exchange in the Mining sector, has recently disclosed its interim financial results for the third quarter of 2023.
The company, which holds licenses for the extraction of various ores such as zinc, copper, gold, lead, tantalite, tin, and barite, has demonstrated a total indicative share trading liquidity of US$501.53K (NGN247.49M) over the past 12 months, averaging approximately US$41.79K (NGN20.62M) per month.
Multiverse Mining and Exploration Plc originally commenced operations as Multiverse Resources Plc, concentrating on granite quarrying in Ogun State. Over time, the company has expanded its operations and capacity, with an annual output exceeding 1 million tons across three locations in Nigeria. Furthermore, it has embarked on zinc and lead mining at Abuni in Awe Local Government Area in Nasarawa State, while also pursuing licenses to encompass tin ore, tantalite ore, and copper ore.
Headquartered in Lagos, Nigeria, Multiverse Mining and Exploration Plc has made an impact on the Nigerian Stock Exchange with a share price of 3.20 NGN (0.00 | 0.00% – 31/10/23).
The company has been proactive in disseminating its financial updates, as evidenced by various reports and announcements, including the HY2023 Interim Report (July 19, 2023), the declaration of an interim dividend of 0.05 NGN per share (May 11, 2023), the 2022 Annual Report (May 3, 2023), the Q12023 Interim Report (May 2, 2023), and the 2022 Abridged Report (February 6, 2023). This underscores Multiverse Mining and Exploration Plc’s commitment to transparency and keeping stakeholders abreast of its market performance.
For additional information regarding the reports and presentations, interested parties are encouraged to visit the company page on AfricanFinancials for comprehensive details.
In conclusion, Multiverse Mining and Exploration Plc is forging ahead in the Nigerian mining industry. With its dedication to ore extraction and operational expansion, the company is establishing itself as a key player in the sector. Investors and stakeholders can anticipate further growth and progress from Multiverse Mining and Exploration Plc in the forthcoming months and years.
