Merdeka Battery Materials Tbk. vs Tirta Mahakam Resources Tbk — how do they compare? Merdeka Battery Materials Tbk. trades at Rp520 (market cap 57.24T, 89.37M 24h volume), while Tirta Mahakam Resources Tbk trades at Rp590 (market cap 657.65B, 520K 24h volume). The key difference: Merdeka Battery Materials Tbk. is far larger — about 87× Tirta Mahakam Resources Tbk's market cap, and Merdeka Battery Materials Tbk. is more actively traded (89.37M versus 520K). Which is the better fit depends on your goals.
| MBMA | TIRT | |
|---|---|---|
Market Cap | 57.24T | 657.65B |
Volume | 89.37M | 520K |
Lot | 893.72K | 5.2K |
Turnover | 46.3B | — |
Average Price | 518.08 | — |
Value | 46.3B | — |
Indicative Equilibrium Price | 520 | — |
Indicative Equilibrium Volume | 90.42K | — |
Trailing returns across standard periods
Latest headlines on both assets
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 →PT Tirta Mahakam Resources Tbk (The Company) was established based on Deed No. 245 dated April 22, 1981 jo. Revision deed No. 14 dated January 11, 1982, both of which were made in front of Notary Kartini Muljadi, SH. The Company started its commercial production in November 1983. The Companys domicilie is in South of Jakarta with its factories in Samarinda, East Kalimantan.
Read more on TIRT →