MULTIVERSE - Multiverse Mining & Exploration

Sep 29, 2023 at 11:37 Twitter · Facebook

MULTIVERSE share price on Nigerian Stock Exchange

Multiverse Mining and Exploration Plc is a Nigerian mining company engaged in the business of exploration, extraction, sale, and distribution of stones and other extractive solid minerals. The company's primary products include zinc, copper, gold, lead, tantalite, tin, and barite ores. Headquartered in Lagos, Multiverse became listed on the floor of the Nigeriann Stock Exchange on October 8, 2008 and has over 4,000 Shareholders.

Multiverse's numerous production sites include Azara/Abuni, Nassarawa State (Solid Minerals Mining); Oloparun Site, Abeokuta, Ogun State (Granite Quarry); Alaguntan Site, Abeokuta, Ogun State (Granite Quarry), and Apo Site, Abuja, Federal Capital Territory (Granite Quarry). The company's mining properties include EL 3187 (Lead, Zinc and Silver), ML 14646 (Lead, Zinc and Silver), SSML 14999 (Lead, Zinc and Silver), EL 16999 (Gold and Tantalite), EL 16879 (Lead, Zinc and Silver), EL 16994 (Copper and Silver) and EL 14946 (Barite).

Multiverse Mining & Exploration is listed on the Nigerian Stock Exchange (NGX) since April 18th, 2008. Multiverse Mining & Exploration is traded on the NGX under the ticker symbol “MULTIVERSE”. The International Securities Identification Number (ISIN) of NGX:MULTIVERSE is NGMULTIVERS6. Multiverse Mining & Exploration is currently the 128th most valuable stock on the NGX with a market capitalization of NGN 1.26 billion, which is about 0.0035% of the Nigerian Stock Exchange equity market.

MULTIVERSE Stock Market Performance

The current share price of Multiverse Mining & Exploration (MULTIVERSE) is NGN 2.95. MULTIVERSE closed its last trading day (Thursday, September 28, 2023) at 2.95 NGN per share on the Nigerian Stock Exchange (NGX). Multiverse Mining & Exploration began the year with a share price of 3.98 NGN but has since lost 25.9% off that price valuation, ranking it 153rd on the NGX in terms of year-to-date performance.

Multiverse Mining & Exploration is the 95th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 3 - Sep 28, 2023). MULTIVERSE has traded a total volume of 15.5 million shares—in 727 deals—valued at NGN 46.5 million over the period, with an average of 245,410 traded shares per session. A volume high of 2.21 million was achieved on July 26th, and a low of 34 on August 8th, for the same period. The table below details the last 10 trading days of activity of Multiverse Mining & Exploration on the Nigerian Stock Exchange.

Profile of Multiverse Mining and Exploration Plc

Multiverse Mining and Exploration Plc was founded on June 20, 2002 and operates in the Basic Materials sector, specifically, the Mining industry. Multiverse Mining and Exploration contracts an estimated total number of 192 employees. The company is led by Ayedun Fasina as its Managing Director/Chief Executive Officer, since 2005. The company's board of directors, chaired by John Bede Anthonio, is composed of five members whose names are listed below.

1. Anthonio, John Bede
   Chairman
2. Fasina, Ayedun
   Managing Director/Chief Executive Officer
3. Oluwasusi, Ayodele
   Executive Director, Business Development
4. Ibrahim II, Musa Kabiru (HRH Dr)
   Non-Executive Director
5. Zargana, Mamman Bukar
   Non-Executive Director

MULTIVERSE Industrial Market Competitors

Multiverse Mining and Exploration Plc, issuers of the MULTIVERSE stock on the Nigerian Stock Exchange, have four market competitors who are also engaged in the Basic Materials sector and/or Mining industry. The table below presents an overview of their market standing.

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