Maaden shares hit lifetime high

01/06/2021 Argaam Special


Shares of Saudi Arabian Mining Co. (Maaden) hit today, June 1, 2021, their highest price at SAR 61.50 since debut.

 

The stock closed 2% higher at SAR 60, with nearly 2.9 million shares traded so far.

 

Accordingly, Maaden surged 50% since the beginning of 2021.

 

The company was established in 1997 and listed on Saudi Stock Exchange on July 28, 2008. It specializes in the different types of mining businesses.

 

Maaden Stock Performance

Annual High (SAR)

61.50

June 1, 2021

Annual Low (SAR)

34.50

July 1, 2020

Historical High (SAR)

61.50

June 1, 2021

Historical Low (SAR)

9.15

Jan. 20, 2009

Highest traded volume

331.05

July 28, 2008 (debut date)

 

The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

EPS (last 12 months) (SAR)

0.74

P/E (last 12 months) (x)

More than 50

Book Value (SAR)

25.22

P/B ratio (x)

2.38

 

The company amended its capital twice to reach SAR 12.3 billion, as shown in the following table:

 

Capital Amendments (SAR mln)

Date

Pre-Capital Increase

Post-Capital Increase

Variation

2019*

11684.8

12305.9

+5%

2014

9250.0

11684.8

+26%

*Increasing capital through converting debts

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