The asset position of Metal Tiger PLC (LON:MTR) strengthened considerably during the first half of 2016, as the company continued to book gains on in a rising commodities and mining equities market.
The company’s net gain on investments in the half year to June 2016 amounted to £2.135 mln, as against £534,000 booked during the corresponding period a year ago.
Overall, investments held for trading amounted to £3.74 mln, up from £692,000 a year ago.
As at June 30 the company hand net cash of just over £800,000.
It means that net assets have almost tripled during the six months that have elapsed since the December year end, when they stood at just over £1.5 mln. The current net asset figure is just shy of £5.2 mln.