Ellah Lakes Plc’s Chief Govt Officer, Chuka Mordi, has introduced plans to broaden the corporate’s oil palm operations with an extra 1,500 hectares set for planting in 2026.
He made the assertion throughout a latest go to by senior stockbrokers to the Ellah Lakes Plant in Edo State.
The CEO additionally revealed that 100 hectares of the corporate’s land will likely be allotted to livestock actions to assist operational capability.
He mentioned the corporate is stocking up on seedlings and planning comparable methods in different areas to enhance operations and effectivity.
Relating to the outlook for the palm oil sector, he added, “We anticipate demand to proceed rising with the inhabitants, whereas present provide gaps may create alternatives for funding and growth, benefiting business gamers, the broader market, and the nationwide financial system.”
Shares of Ellah Lakes have skilled bullish momentum to date this yr, reflecting the broader development amongst palm oil equities, and have attained a year-to-date efficiency of 398% on the Nigerian Inventory Change.
Ellah Lakes has had a powerful 2025 to date, with H1 marking its greatest first half for the reason that inventory started buying and selling on the Nigerian Change.
The corporate began January at a share worth of N3.16 and remained comparatively flat by way of the primary quarter of 2025.
Though April and Could confirmed slight bullish motion, a lot of the momentum picked up in June, when buying and selling quantity reached 467 million shares, pushing the inventory previous N7 and shutting the month with a 135% month-to-date achieve, which accounted for a lot of the first-half efficiency (141.8%).
By July, the inventory had climbed to N9, with buying and selling quantity practically doubling June’s determine to 817 million shares.
Ellah Lakes is presently buying and selling above N15 to date in August, reflecting the constructive sentiment surrounding oil palm corporations in 2025, with a month-to-date achieve of over 71%.
Oil palm bulls:
Palm oil corporations listed on the Nigerian Change have loved a powerful bullish run within the first half of 2025, a momentum that has continued into the second half of the yr.
In H1 2025, the sector noticed spectacular positive factors, with Presco up 168% and Okomu Oil rising 78%.
To this point, this upward development has persevered within the second half, with Ellah Lakes climbing over 106%, Presco up greater than 16%, and Okomu Oil gaining 29%.
Analysts attribute the sustained optimism to the business’s constructive fundamentals and efforts to optimize operations and entice buyers.
