Austinlaz & Company Plc has announced that Asimonye Austin Lazarus Azubuike, a substantial shareholder and director of the company, has sold an aggregate of 52,238,727 ordinary shares on the Nigerian Exchange (NGX) between December 19, 2025, and January 6, 2026.
The transactions were executed at various price points, resulting in a weighted average sale price of ₦4.36 per share. The trades ranged from transactions worth ₦2.42 to ₦5.64 per share.
Austinlaz Recent Stock Performance
Over the last twelve months, AUSTINLAZ’s share price has demonstrated notable volatility and upward momentum on the NGX.
In early 2025, the stock was changing hands near ₦1.82 per share, and traded around ₦2.09 by late February, representing initial year-to-date gains.
By late December 2025, AUSTINLAZ shares climbed to approximately ₦3.20, marking a significant year-to-date increase of more than 70% from the start of the year.
Into January 2026, the share price has continued to show strength, with AUSTINLAZ quoted around ₦4.67, supported by sustained trading activity that placed it among the top performers on the NGX over recent weeks.
Austinlaz & Company Plc
Austinlaz & Company Plc is a manufacturing firm with historical roots in industrial equipment and building materials.
Its principal activities include the manufacture and sale of ice block machines and corrugated aluminium long-span roofing sheets. The company expanded over time into thermoplastics for coolers and similar products before operational activities were suspended in 2019 to restructure and overhaul its processes.
