- Lions Bay Capital (LBI) reports recent profitability in its investment portfolio
- The fair value of the company’s portfolio is C$11.6 million with C$1.4 million in cash and receivables
- The company earned a net profit of C$7,733,842 for the nine months ended Feb 28, 2021
- Lions Bay has significant holdings in Parkway Minerals, Elementos (ELT), Davenport Resources (DAV), Kalina Power (KPO) and Fidelity Minerals (FMN)
- Lions Bay Capital is focused on investment opportunities in the mining, clean energy and clean technology sectors
- Lions Bay Capital (LBI) is up 35.29 per cent and is currently trading at C$0.115 per share
Lions Bay Capital (LBI) reports recent profitability in its investment portfolio.
The company earned a net profit of C$4,647,569 for the three months ended February 28, 2021, compared to a net loss of C$143,841 in the three months ended February 29, 2020.
Net profit for the nine months ended February 28, 2021 increased to C$7,733,842 or C$0.07 per share compared to a net loss of C$673,589 or C$0.01 per share in the nine months ended Feb 29, 2020.
The fair value of the company’s investment portfolio is C$11.6 million with a further C$1.4 million in cash and receivables.
Lions Bay has significant holdings in five public companies: Parkway Minerals, Elementos (ELT), Davenport Resources (DAV), Kalina Power (KPO) and Fidelity Minerals (FMN).
John Byrne, Lions Bay Executive Chairman, commented,
“Lions Bay enjoyed another strong quarter as its investments continue to mature as demonstrated by the recent results. The company believes these investments are still undervalued and expects the investment portfolio to continue to increase over the remainder of the year.”
Lions Bay Capital is focused on investment opportunities in the mining, clean energy and clean technology sectors, where it provides public and private companies with strategic and financial support.
Lions Bay Capital (LBI) is up 35.29 per cent and is currently trading at C$0.115 per share as of 2:32 pm EST.
