LONDON (ShareCast) - (ShareCast News) - Investing company Paternoster Resources reported on Monday a 7% surge in net assets for the three months ended 30 September.
Paternoster Resources said that its net asset value had increased 7% on the comparable period of the previous year to reach £2.98m or 2.2 times the share price.

The company's investments also continued to be very active, while its listed investments and cash, at the period end, represented 158% of market capitalisation.

Nicholas Lee, Chairman of Paternoster, commented: "Overall, the Company's net assets have increased by around 7% during the period. The Plutus PowerGen plc share price has increased by 61% since 30 June 2017 and is up another 20% since the period end. Ortac Resources Limited has recently successfully raised £1.7m and so, going forward, it is well funded to focus on its two principal assets and has also just announced the acquisition of Casa Mining Limited.

"Paternoster has now received shares in i3 Energy Limited and Cora Gold plc via its investment in Glenwick plc. Alecto Minerals plc is also actively seeking a return to AIM. Polemos plc has announced the possible acquisition of a cyber security business by way of a reverse takeover transaction."

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