Elnusa Tbk. vs Merdeka Battery Materials Tbk. — how do they compare? Elnusa Tbk. trades at Rp650 (market cap 4.82T, 17.35M 24h volume), while Merdeka Battery Materials Tbk. trades at Rp520 (market cap 55.08T, 83.26M 24h volume). The key difference: Merdeka Battery Materials Tbk. is far larger — about 11.4× Elnusa Tbk.'s market cap, and Merdeka Battery Materials Tbk. is more actively traded (83.26M versus 17.35M). Which is the better fit depends on your goals.
| ELSA | MBMA | |
|---|---|---|
Market Cap | 4.82T | 55.08T |
Volume | 17.35M | 83.26M |
Lot | 173.5K | 832.61K |
Turnover | 11.24B | 43.41B |
Average Price | 648.03 | 521.35 |
Value | 11.24B | 43.41B |
Indicative Equilibrium Price | 650 | 520 |
Indicative Equilibrium Volume | 7.68K | 13.46K |
Trailing returns across standard periods
Latest headlines on both assets
PT Elnusa Tbk (Company) was established under the name of PT Elektronika Nusantara on January 25, 1969 based on notarial deed No.18 of Tan Thong Kie, S.H., dated January 25, 1969, as amended by notarial deed No. 10 of the same notary dated February 13, 1969. The Company’s articles of association has been amended several times, most recently by notarial deed No. 2 of Soegeng Santosa, S.H., dated Jan 7, 2002, concerning among others, the change in the Company’s name and public offering.
Read more on ELSA →PT Merdeka Battery Materials Tbk (formerly PT Hamparan Logistik Nusantara) (the “Company”) was established based on Notarial Deed No. 66 of Darmawan Tjoa, S.H., S.E., Notary in Jakarta, dated 20 August 2019. The Company’s immediate parent entity is PT Merdeka Energi Nusantara (formerlyPT Batutua Tambang Abadi) (“MEN”) and its ultimate parent entity is PT Merdeka Copper Gold Tbk (“MDKA”), a company incorporated in Indonesia and listed on the Indonesian Stock Exchange (“IDX”).
Read more on MBMA →