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Notore Chemical Industries Plc (NGX: NOTORE) Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024
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Notore Chemical Industries Plc

Notore Chemical Industries Plc is a Nigerian company that specialises in the supply of premium fertilizers, as well as suitable education and deployment of best farming methods for optimum outcomes.

Notore Chemical Industries Plc is a leading fertilizer manufacturer and agro-allied company on the continent, and it owns and manages the continent's largest fertilizer facility. It also produces ammonia and is capable of making NPK fertilizers.

Overview of Notore Chemical Industries Plc

Notore Chemical Industries Plc is in a good position to lead the charge for a Green Revolution in Africa. The Notore 500,000 metric tonne urea plant is strategically placed in the Niger Delta region of Nigeria's Rivers State, allowing for efficient product shipment and distribution throughout the Atlantic coast.

Today, Notore Chemical Industries Plc’s portfolio of products and services are diversified in more sectors of the Industrials value chain and include the following: The fertilizers division produces granular urea, ammonia and nitrogen, phosphorus and potassium (NPK) fertilizers and Notore power is also an independent power producer (IPP) while subsidiary Notore Seeds develops and markets seed varieties for rice and maize.

The history of Notore Chemical Industries Plc goes back to 2005 when it was founded, and it was listed on 3 August 2018.

Notore Chemical Industries Plc has its head offices at Notore Industrial Complex, Onne, River state, Nigeria.

The current CEO or managing director of Notore Chemical Industries Plc is Ohis Ohiwerei.

Notore Chemical Industries Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NOTORE.

Notore Chemical Industries Plc forms part of the Agri-Industrial Industry and the Industrials Sector of the Nigerian Stock Exchange (NGX).

Notore Chemical Industries Plc Stock Performance

The current price for Notore Chemical Industries Plc stocks on the Nigerian Stock Exchange (NGX) is 62.50 Nigerian Naira (NGN).

An analysis of financial data of Notore Chemical Industries Plc showed that the company has a total market capitalisation of 101 Billion. The number of shares outstanding is 1.61 Billion. NOTORE closed its last trading day, Monday, January 10, 2022, at 62.50 NGN per share.

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

According to an analysis on the live chart of Notore Chemical Industries Plc, analysts forecast further improved performance for the Industrials sector with market share growing as trading volumes increase.

Notore-Chemical-Ind-Shares

Highlights of Notore Chemical Industries Plc in 2021/2022

Notore Chemical Industries Plc is currently the 135th most-traded stock on the NGX and it has experienced a total trading volume of 5,027 shares, which were finalised in 7 deals and were valued at a total of 309,163 Nigerian Naira (NGN) over the recent three month period from October 2021 to January 2022, with an average of 80 shares in each trading session.

During the same period a volume high of 5,000 was achieved on January 5.

How to buy Notore Chemical Industries 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 Notore Chemical Industries 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, “NOTORE”.
  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.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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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.