30th Apr 2014 13:41
LONDON (Alliance News) - Starvest PLC saw its shares rise Wednesday after it reported a narrowed loss for the first half of the year, and said its net asset value had continued to rise driven by its investment in Nordic Energy PLC.
The investor in early stage mineral exploration companies made a loss of GBP271,633 in the six months to March 31, compared with the GBP670,864 a year earlier, as it booked operating income of GBP262,941.
However, its net asset value was GBP3.9 million on March 31, up from the end of December and the end of September. Its net asset value per share was 10.5 pence, but has since dropped back and was 10.15 pence on April 25.
Starvest shares were up 7.3% at 5.5 pence Thursday.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
SVE.L