Multiverse Mining & Exploration Plc Releases 2022 Annual Report
Multiverse Mining & Exploration Plc, a company listed on the Nigerian Stock Exchange in the mining sector, has recently disclosed its annual report for the year 2022. This report offers a comprehensive overview of the company’s performance and financial position over the past year.
As of 2nd May 2023, the total indicative share trading liquidity for Multiverse Mining & Exploration Plc in the last 12 months amounts to US$1.04 million (NGN451.77 million), with an average monthly liquidity of US$86.98 thousand (NGN37.65 million). This data provides insight into the level of trading activity and market interest in the company’s shares.
The company’s profile underscores its status as an exploration and mining firm in Nigeria, possessing licenses to extract various ores such as zinc, copper, gold, lead, tantalite, tin, and barite. Furthermore, Multiverse Mining & Exploration Plc operates a granite quarrying business in Ogun State, with substantial capacity expansion over the years.
In terms of mining sites, the company has a zinc and lead mine at Abuni in Awe Local Government Area in Nasarawa State, and seeks to broaden its operations to include exploration licenses for tin ore, tantalite ore, and copper ore. With its head office situated in Lagos, Nigeria, the company maintains a robust presence in the region.
Moreover, Multiverse Mining & Exploration Plc is actively traded on the Nigerian Stock Exchange, with its share price currently at 4.38 NGN, reflecting a 9.77% increase from 21st November 2023.
Additionally, the company has issued a series of interim reports throughout the year, including the Q1 2023 interim report on May 2, 2023, the HY 2023 interim report on July 19, 2023, and the Q3 2023 interim report on October 25, 2023. Moreover, a corporate announcement was made on May 11, 2023, declaring an interim dividend of 0.05 NGN per share for shareholders.
These financial documents and announcements provide valuable insights into the company’s performance, strategic direction, and financial health for investors and stakeholders. The release of the abridged report for 2022 on February 6, 2023, offers a succinct summary of the full annual report, presenting key highlights and financial figures for the year.
In conclusion, Multiverse Mining & Exploration Plc’s 2022 annual report underscores its commitment to transparency, accountability, and effective communication with its shareholders and the investing public. The information contained in these reports is vital for making informed investment decisions and understanding the company’s business operations. As the company continues its mining and exploration activities, the release of these reports exemplifies its dedication to upholding high standards of corporate governance and investor relations.
