African Stock Exchanges

MKR - Montauk Renewables Inc

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MKR share price on Johannesburg Stock ExchangeMKR share price on Johannesburg Stock Exchange

Montauk Renewables is a renewable energy company specializing in recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. The company develops, owns, and operates renewable natural gas ("RNG") projects in the US, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Montauk Renewables established its operating portfolio of 12 RNG and three renewable electricity projects through self-development, partnerships, and acquisitions resulting in revenue growth from $34 million in 2014 to $107.4 million in 2019.

Currently, Montauk Renewables' operating projects generate RNG from landfill sites and livestock farms, the latter being a significant opportunity to expand the RNG business as other agricultural markets are evaluated. The projects provide their landfill and livestock farm partners benefits including a means to monetize biogas from their sites, support for their regulatory compliance, and provision of environmental services. Revenues of Montauk Renewables are generated from the sale of renewable natural gas and electricity, under long-term contracts, along with the environmental attributes that are derived from these products.

Montauk Renewables, which is domiciled in the US, is not registered as an external company in South Africa. The company has appointed Computershare Investor Services Proprietary Limited as its transfer secretaries in South Africa, which have their registered address and primary place of business at Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196, South Africa. Montauk's transfer agent in the US is Computershare Investor Services with its registered address and primary place of business in Louisville, Kentucky.

Montauk Renewables Inc is listed on the Johannesburg Stock Exchange (JSE) since January 25th, 2021. Montauk Renewables is traded on the JSE under the ticker symbol “MKR”. The International Securities Identification Number (ISIN) of JSE:MKR is US61218C1036. Montauk Renewables Inc is currently the 56th most valuable stock on the JSE with a market capitalization of ZAR 45.2 billion, which makes about 0.249% of the Johannesburg Stock Exchange equity market.

MKR311.47 ▾ 3.53 (1.12%)
1 hour ago
Last Trading Results
Opening Price
Day’s Low Price300.41
Day’s High Price313.62
Traded Volume21,147
Number of Deals184
Gross Turnover6.5M
Growth & Valuation
Earnings Per Share3.4485
Price/Earning Ratio91.34
Dividend Per Share
Dividend Yield
Shares Outstanding144M
Market Capitalization45.2B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

MKR Stock Market Performance

1WK4WK3MO
-0.47%+8.62%+101%
6MO1YRYTD
+88.5%+84.2%+83.1%

The current share price of Montauk Renewables Inc (MKR) is ZAR 311.47. MKR closed its last trading day (Thursday, September 29, 2022) at 315.00 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.3% drop from its previous closing price of 316.00 ZAR. Montauk Renewables began the year with a share price of 172.00 ZAR and has since gained 83.1% on that price valuation, ranking it seventh on the JSE in terms of year-to-date performance. Shareholders can be optimistic about MKR knowing the stock has accrued 9% over the past four-week period—33rd best on JSE.

Montauk Renewables is the 222nd most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 4 - Sep 29, 2022). MKR has traded a total volume of 3.27 million shares—in 18,143 deals—valued at ZAR 881 million over the period, with an average of 51,975 traded shares per session. A volume high of 201,403 was achieved on August 16th, and a low of 3,114 on July 12th, for the same period. The table below details the last 10 trading days of activity of Montauk Renewables on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2022-09-2940,287315.00-1.00-0.32%
2022-09-2894,291316.00
2022-09-2742,893316.00+3.48+1.11%
2022-09-2637,906312.52+7.52+2.47%
2022-09-2336,685305.00-11.50-3.63%
2022-09-2245,599316.50-2.53-0.79%
2022-09-2156,538319.03-3.55-1.10%
2022-09-2022,984322.58-3.45-1.06%
2022-09-1928,753326.03+2.36+0.73%
2022-09-16201,282323.67

Profile of Montauk Renewables Inc

Montauk Renewables Inc was founded on September 21, 2020 and operates in the Oil & Gas sector, specifically, the Alternative Energy industry.

Factsheet of Montauk Renewables Inc

Sector
Oil & Gas
Industry
Alternative Energy
Address
680 Andersen Drive, Foster Plaza Suite 10, Pittsburgh, Pennsylvania, 15220, United States
Telephone
+1-412-747-8700

MKR Industrial Market Competitors

Montauk Renewables Inc, issuers of the MKR stock on the Johannesburg Stock Exchange, have three market competitors who are also engaged in the Oil & Gas sector and/or Alternative Energy industry. The table below presents an overview of their market standing.

CodeNameM. Cap.CloseYTD
TGAThungela Resources Ltd44.3B325.00+284%
RENRenergen Limited3.72B27.52-18.8%
OAOOando Plc3.23B0.26+23.8%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments (2)

  1. Kenosi MosalakaeKenosi Mosalakae
    Feb 4, 2021 20:18 GMT

    I had 100 shares in Montauk when it closed on 18th on the JSE but now have only 80 shares in Montauk Renewables, how was this calculated to reduce my holding by 20%? Will appreciate an explanation

    1. Michael KwayisiMichael Kwayisi
      Feb 4, 2021 20:55 GMT

      From the SENS release on Jan 13, 2021:

      Montauk will distribute the Distribution Shares (subject to the withholding of the Withholding Shares) in the ratio of one Montauk Renewables Share for every one Share held by any such Shareholder on the Distribution Record Date. For Shareholders who are not exempt from Dividends Tax and not subject to Dividends Tax at a reduced rate and/or those Shareholders who are exempt from Dividends Tax or subject to Dividends Tax at a reduced rate but have not delivered the requisite Forms of Declarations and Undertakings to the Company in terms of section 64FA of the Income Tax Act (“Non-exempt Shareholders”), the Withholding Shares will be determined at the full rate of Dividends Tax which is 20%. Consequently, Non-exempt Shareholders will receive 0.8 Montauk Renewables Shares for every one Share held by any such Shareholder on the Distribution Record Date.

      So basically, you were deducted a dividend tax of 20%.

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