Email Facebook Twitter

Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold

Alliance News

Global Resources Reports Subdued Investor Interest In Natural Resources

Thu, 17th Jul 2014 12:05

LONDON (Alliance News) - Global Resources Investment Trust PLC Thursday said that investor interest in the natural resource sector has remained subdued since it listed on March 7, with some "limited but encouraging activity in the gold sector" the highlight.

"The majority of portfolio companies have seen their shares marked down, with bid/offer spreads that are typically very wide exacerbating volatility and restricting liquidity. There have been exceptions, most notably in the case of West African based Merrex Gold, where local news flow saw its price increase by more than 80% in May," Global Resources Investment Trust said in a statement.

In the period from its launch to May 31, the trust's net asset value per share total return fell by 30.6%, while its share price total return fell by 37.5%.

Global Resources Investment Trust aims to generate medium and long-term capital growth through investing in a diverse portfolio of primarily small and mid-capitalisation natural resources and mining companies, which are listed on a relevant exchange.

Global Resources Investment Trust shares were Thursday quoted down 0.50 pence, or 1.5%, at 32.00 pence.

By Samuel Agini;; @samuelagini

Copyright 2014 Alliance News Limited. All Rights Reserved.

Alliance News

Related Shares:

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.