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GROW — Molten Ventures News Story

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FinancialsSpeculativeMid CapNeutral

UK’s Molten Ventures rises on half-year update, NAV, GPV growth outlook

** Shares of Molten Ventures GROW.L up 6.9% at 440.6p

** Stock is top gainer in FTSE mid-cap index .FTMC, which is up 0.04%

** Co expects half-year NAV per share up 7.2% to about 719p and gross portfolio value up 5.5% at 1.43 billion pounds ($1.92 bln)

** CEO says portfolio remains resilient, with strong performance from ICEYE, Revolut, Ledger and ISAR Aerospace

** Peel Hunt reiterates "buy" rating and target price of 459p

** YTD, including session's gains, stock up about 37.9%

($1 = 0.7451 pounds)

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))

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