Zoltav, the AIM-listed company focused on acquiring and developing natural resource assets, has announced that, in order to realise investment gains, the company has sold its holdings in three companies.
The firm generated $0.27m from the sale of global depository receipts in Rosneft, $0.26m from the sale of sponsored American depository receipts in Gazprom, and $0.17m from the sale of American depository receipts in Lukoil.
The proceeds of these investment sales will be used to fund future investments and for general working capital purposes.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 3% to 6p by 10:40.
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
