Aradel: Big Drop, But the Business Still Looks Strong

Aradel fell 10% on Wednesday to N1,276, and many investors are wondering what happened. While the price has dropped a lot from its recent high of N2,024, the company's business is still performing very well. ‎In Q1 2026, revenue grew by 265%, profit after tax increased by 252%, and oil production nearly tripled. Those are still very strong numbers. ‎It is also worth remembering that even after this pullback, Aradel is still up about 112% this year. After such a massive rally, it is normal... Read more

  Economy   Jul 3, 2026   0   1  Add to Reading List
Aradel: Big Drop, But the Business Still Looks Strong
Aradel fell 10% on Wednesday to N1,276, and many investors are wondering what happened. While the price has dropped a lot from its recent high of N2,024, the company's business is still performing very well.
‎In Q1 2026, revenue grew by 265%, profit after tax increased by 252%, and oil production nearly tripled. Those are still very strong numbers.
‎It is also worth remembering that even after this pullback, Aradel is still up about 112% this year. After such a massive rally, it is normal...

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