NGX Investigates Zichis Agro-Allied After Shares Surge

The Nigerian Exchange (NGX) has launched an investigation into Zichis Agro-Allied after its shares surged by 859.1 per cent in less than five weeks, reaching a market capitalization of N10.4 billion.

23 Feb, 17:18 — 23 Feb, 17:18

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NGX opens investigation into Zichis Agro-Allied after shares surged nine times in one month

As of the close of trade last Friday, the stock was quoted at N17.36 in Lagos, marking a surge of 859.1 per cent in the valuation of the company in less than five weeks. Market capitalisation is presently N10.4 billion, which compared to a little above N1 billion at listing. The post NGX opens investigation into Zichis Agro-Allied after shares surged nine times in one month appeared first on Premium Times Nigeria.

By Ronald Adamolekun

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NGX Investigates Zichis Agro-Allied After Shares Surge

Read at source (1 outlet)

NGX opens investigation into Zichis Agro-Allied after shares surged nine times in one month

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