In May 2019, Ellah Lakes acquired Telluria Farms, an Oil Palm production company and refocused the corporate mission to proceed with the production of Oil Palm and its derivative products. With the acquisition, Ellah Lakes owns a land bank of 2,400 hectares dedicated to the production of Oil Palm.
Today, Ellah Lakes Plc’s portfolio of products and services are diversified in more sectors of the agricultural value chain and started with the production of oil palm and its derivatives. It is also involved in cultivation, processing, and refining of oil palm.
The history of Ellah Lakes Plc goes back to 1980 when it was founded by the late Senator F. J. Ellah. It listed on 24 January 1993.
Ellah Lakes Plc has its head offices at 13 Forces Avenue, Old G. R. A., Port Harcourt, Rivers State.
The current CEO of Ellah Lakes Plc is Chuka Mordi.
Ellah Lakes Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol ELLAHLAKES.
Ellah Lakes Plc forms part of the Agricultural Sector of the Nigerian Stock Exchange (NGX).
Ellah Lakes Plc Stock Performance
The current price, at the time of writing, for Ellah Lakes Plc stocks on the Nigerian Stock Exchange (NGX) is 4.25 Nigerian Naira (NGN).
An analysis of financial data of Ellah Lakes Plc showed that the company has a total market capitalisation of 8.5 Billion NGN, with a Price/Earning ratio of 0 and earnings per share of 0 NGN. A total of 2 Billion shares were outstanding.
An analysis of financial data of Ellah Lakes Plc shows that profits for the fourth quarter of 2021, which ended in July was -832,136, with a year-to-date growth in overall assets to 10.08 billion NGN from 5.63 billion NGN, with substantial increases in both cash and cash equivalents.
With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Ellah Lakes Plc stocks can look forward to more profitable dividends and earnings in times to come.
According to an analysis on the live chart of Ellah Lakes Plc, analysts forecast further improved performance for the agricultural sector with market share growing as trading volumes increase.
Highlights of Ellah Lakes Plc in 2021
Ellah Lakes Plc is currently the 45th most-traded stock on the NGX and it has experienced a total trading volume of more than 57.2 million shares, which were finalised in 114 deals and were valued at a total of 243 million Nigerian Naira (NGN) over the recent three month period from July to October 2021, with an average of 907,630 shares in each trading session.
During the same period a volume high of 26.6 million was achieved on 30 July.
How to buy Ellah Lakes Plc stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Ellah Lakes Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “ELLAHLAKES”.
- Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Once your account has been activated, you are ready to make your first share purchase through the broker.
- From here you can start to build and diversify your portfolio by buying more shares.