After an upward trend last week, investors are entering a new trading week with renewed vigor. JAPAULGOLD, RTBRISCOE and the newly listed MECURE are among the stocks to watch in the new week, alongside GLAXOSMITH and PZ.
Ripples Nigeria Stock Watchlist is a selection of stocks monitored for viable trading or investment opportunities. An investor may occasionally create a list of stocks for investment purposes. But we have taken the trouble to do this based on certain parameters to save you this hassle.
Please note that the Ripples Nigeria Stocks Watchlist does not constitute a buy, sell or hold recommendation. It is advisable to consult your financial advisor before making an investment decision.
JAPAUL GOLD
Japaul Gold and Ventures Plc has been listed on the Nigerian Stock Exchange (NGX) since August 10, 2005. Japaul Gold and Ventures trades on the NGX under the ticker symbol “JAPAULGOLD”. The International Securities Identification Number (ISIN) of NGX: JAPAULGOLD is NGJAPAULOIL4. Japaul Gold and Ventures Plc is currently the 72nd most valuable stock on the NGX with a market capitalization of NGN12.4 billion, accounting for about 0.032% of the Nigerian Stock Exchange stock market.
The current share price of Japaul Gold and Ventures Plc (JAPAULGOLD) is NGN 1.98. JAPAULGOLD closed its last trading day (Friday, November 10, 2023) at NGN1.98 per share on the Nigerian Stock Exchange (NGX), registering an increase of 8.2% from its previous closing price of NGN1.83. Japaul Gold and Ventures started the year with a share price of NGN 0.28 and has since gained 607% at this price valuation, placing the company fifth in the NGX in terms of year-to-date performance. Shareholders can be optimistic about JAPAULGOLD knowing that the stock has delivered an outstanding 106% gain in value in the last four weeks alone – best seen at NGX.
Japaul Gold and Ventures was the sixth most traded stock on the Nigerian Stock Exchange in the last three months (August 14 – November 10, 2023). JAPAULGOLD traded a total volume of 1.24 billion shares – across 7,465 deals – worth NGN1.57 billion during the period, with an average of 19.7 million shares traded per session. During the same period, volume reached a peak of 165 million on November 10th and a low of 1.23 million on October 19th. The table below shows the last 10 trading days of Japaul Gold and Ventures activity on the Nigerian Stock Exchange.
ALSO READ: MBenefit, AirtelAfri and Omatek are top list of stocks to watch this week
RTBRISCOE
The current share price of RT Briscoe (RTBRISCOE) is NGN0.60. RTBRISCOE closed its last trading day (Friday, November 10, 2023) at NGN 0.60 per share on the Nigerian Stock Exchange (NGX), registering a 9.1% increase from the previous closing price of NGN 0.55. RT Briscoe started the year with a share price of NGN 0.26 and has since gained 131% at this price valuation, placing it 29th in the NGX rankings in terms of year-to-date performance. Shareholders can be bullish on RTBRISCOE as the stock has gained 5% in the last four weeks – that’s 38th on NGX.
RT Briscoe is the 56th most traded stock on the Nigerian Stock Exchange in the last three months (August 14 – November 10, 2023). RTBRISCOE traded a total volume of 71.9 million shares – across 1,166 deals – worth NGN33.3 million during the period, with an average of 1.14 million shares traded per session. During the same period, a volume peak of 8.29 million was reached on August 18th and a low of 4,709 on August 24th. The table below shows the last 10 trading days of RT Briscoe’s activity on the Nigerian Stock Exchange.
MECURE
MeCure Industries has been listed on the Nigerian Stock Exchange (NGX) since November 7, 2023. MeCure Industries is currently the 68th most valuable stock on the NGX with a market capitalization of NGN 15.7 billion, representing about 0.04% of the equity capital of the Nigerian Stock Exchange market.
The current share price of MeCure Industries (MECURE) is NGN 3.92. MECURE closed its last trading day (Friday, November 10, 2023) at NGN3.92 per share on the Nigerian Stock Exchange (NGX), registering a 9.8% increase over the previous closing price of NGN3.57. MeCure Industries closed its IPO day (November 7, 2023) with a share price of NGN 2.96 and has since gained 32.4% at this price valuation, ranking 75th in the NGX ranking in terms of performance since beginning of the year. The table below shows the last four trading days of MeCure Industries activity on the Nigerian Stock Exchange.
MeCure Industries Plc was founded on March 16, 2005 and operates in the healthcare sector, particularly in the pharmaceutical and biotechnology industries.
MeCure Industries Plc, issuer of MECURE shares on the Nigerian Stock Exchange, has seven market competitors also operating in the healthcare and/or pharmaceutical and biotechnology sectors. The following table provides an overview of their market position.
Join the conversation
Opinions
Support Ripples Nigeria and sustain solutions journalism
Balanced, fearless, data-driven journalism comes at a huge financial cost.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and freedom of expression for a piece of cake.
If you like what we do and are committed to sustaining solutions journalism, please donate to the Ripples Nigeria cause.
With your support, you will help ensure that citizens and institutions continue to have free access to credible and reliable information for social development.
Donate now
Source : www.ripplesnigeria.com