Multiverse Mining and Exploration Plc: A Look at Q12023 Interim Report
Multiverse Mining and Exploration Plc, also known as MULTIV.ng, a company listed on the Nigerian Stock Exchange in the Mining sector, has recently released its 2023 interim results for the first quarter. The company is engaged in exploration and mining operations for a variety of ores including zinc, copper, gold, lead, tantalite, tin, and barite.
An intriguing aspect of the report is the indicative share trading liquidity for Multiverse Mining and Exploration Plc over the past 12 months, as of 5th April 2023, which amounts to US$1.04M (NGN451.32M) with an average monthly trading liquidity of US$86.92K (NGN37.61M).
The company, previously known as Multiverse Resources Plc, has been actively involved in the extraction of various ores since its founding. In 2005, it began quarrying operations for granite in Ogun State, and over the years, it has significantly expanded its operations to cover a wide range of locations in Nigeria.
One of the key sites for Multiverse Mining and Exploration Plc is the zinc and lead mine at Abuni in Awe Local Government Area in Nasarawa State. Furthermore, the company has also been granted exploration licenses to cover tin ore, tantalite ore, and copper ore, thereby diversifying its mining operations.
It’s worth noting that Multiverse Mining and Exploration Plc is listed on the Nigerian Stock Exchange, with its share price currently at 5.29 NGN ▲ (0.48 | 9.98% – 23/11/23).
For those interested in delving deeper into the financials and performance of Multiverse Mining and Exploration Plc, the company has made available various reports and documents, such as interim reports for Q32023 and HY2023, an interim dividend declaration, as well as the 2022 Annual Report and Abridged Report.
It’s clear that Multiverse Mining and Exploration Plc has been making significant strides in the mining sector, and its commitment to transparency and accountability is evident in the release of its interim financial reports and other corporate announcements.
As the company continues to expand its operations and explore new mining opportunities, it will be interesting to see how its financial performance evolves in the coming quarters.
In conclusion, Multiverse Mining and Exploration Plc’s Q12023 Interim Report provides valuable insights into the company’s financial standing and operational activities. The release of such reports underscores the company’s dedication to providing timely and relevant information to its stakeholders, while also showcasing its commitment to upholding best practices in corporate governance.
For anyone interested in investing in the mining sector in Nigeria, keeping an eye on the developments at Multiverse Mining and Exploration Plc could prove to be a worthwhile endeavour.
