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LONDON (Alliance News) - Shares in Tiger Resource PLC were lower on Tuesday as the investment fund suffered a "volatile" first half.
Shares in Tiger Resource were down 20% at 0.30 pence each.
Tiger Resource net asset value per share at the end of the six months to June was 0.69p, up from 0.62p at the end of 2017 but down from the 1.03p achieved at the end of the first half in 2017.
The fund's total assets at the end of the half was GBP1.3 million, up from GBP1.2 million at the end of 2017 but, again, down from GBP1.4 million at the end of the first half in 2017.
The investment fund said its "marginal improvement" reflected the "volatile markets" and "general bearishness" towards the resource sector in the period.
Tiger Resource said the threats of trade tariffs has "resulted in caution" and consequently a level of "uneasiness" in smaller cap stocks.
The company said: "The major indices have continued to surge forward although the resource sector has not fully participated in this upward trajectory in more recent months and most major mining companies are trading lower compared to prior period levels."
Tiger Resource is confident its portfolio and investment approach will "pay off" going forward.
