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Multiverse Mining and Exploration Plc (NGX: MULTIV) | Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Multiverse Mining and Exploration Plc is a Nigeria based exploration and mining company listed on the Nigerian Stock Exchange (NGX) and licensed to extract zinc, copper, gold, lead, tantalite, tin and barite ores.

Latest Multiverse Mining and Exploration Plc Share Price

The graph above shows the latest Multiverse Mining and Exploration Plc share price on the Nigerian Stock Exchange. Investors have seen Multiverse Mining and Exploration Plc shares perform well historically, and it remains a steady investment. Multiverse Mining and Exploration Plc stock is live on the NGX under the stock symbol of MULTIV and is available to trade via several brokers in Nigeria.

Overview of Multiverse Mining and Exploration Plc

Multiverse Mining and Exploration Plc is also expanding its mining operations with exploration licenses to cover tin ore, tantalite ore and copper ore.

Today, Multiverse Mining and Exploration Plc’s portfolio of products and services are diversified in more sectors of the Basic Materials value chain with production sites at 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).

The history of Multiverse Mining and Exploration Plc goes back to 20 June 2002 when it was founded as Multiverse Resources Plc and started its granite quarrying operation in 2005 in Ogun State. Multiverse Mining and Exploration Plc became listed on the Nigerian Stock Exchange on 8 October 2008 and has over 4 000 shareholders.

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Multiverse Mining and Exploration Plc

Multiverse Mining

Multiverse Mining and Exploration Plc has its head offices at Dolphin Estate, 262A Corporation Drive, Ikoyi, Lagos LA 110102, Nigeria.

The current CEO/managing director of Multiverse Mining and Exploration Plc is Fasina, Ayedun.

Multiverse Mining and Exploration Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol MULTIV.

Multiverse Mining and Exploration Plc forms part of the Mining Industry and the Basic Materials Sector of the Nigerian Stock Exchange (NGX).

Multiverse Mining and Exploration Plc Stock Performance

The current price for Multiverse Mining and Exploration Plc stocks on the Nigerian Stock Exchange (NGX) is 0.20 Nigerian Naira (NGN).

An analysis of financial data of Multiverse Mining and Exploration Plc showed that the company has a total market capitalisation of 852 Million NGN, with a Price/Earning ratio of 0 and earnings per share of 0 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Multiverse Mining and Exploration Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Multiverse Mining and Exploration Plc, analysts forecast further improved performance for the Basic Materials sector with market share growing as trading volumes increase.

Highlights of Multiverse Mining and Exploration Plc in 2021

Multiverse Mining and Exploration Plc saw no trading activity during the recent weeks.

Multiverse Mining and Exploration Plc is currently the 39th most-traded stock on the NGX and it has experienced a total trading volume of more than 107 million shares, which were finalised in 319 deals and were valued at a total of 21.6 million Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 1.7 million shares in each trading session.

During the same period a volume high of 32.1 million was achieved on November 3.

Multiverse - How To Trade

How to buy Multiverse Mining and Exploration 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 Multiverse Mining and Exploration Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “MULTIV”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. 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.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.