9th May 2024 11:02
(Correcting headline)
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Molten Ventures PLC, up 2.5% at 302.39 pence, 12-month range 201.00p-322.00p. The share price of the venture capital firm rises after Deutsche Bank starts its coverage of the stock with a 'buy' rating, setting a target price of 661p per share.
----------
Avon Protection PLC, up 3.1% at 1,271.74p, 12-month range 582.00p-1,286.00p. The personal protection equipment company wins a contract from the UK Ministry of Defence worth up to GBP38 million for the continued supply of general service respirator and associated in service support. The contract runs for four years with five further 12-month option periods. Avon Protection has been supplying the MoD with GSR masks since 2018. It says this new contract award will enable Avon to "continue to help protect the lives of people serving in the UK Armed Forces, sustaining the UK's domestic CBRN protection production capability".
----------
SMALL-CAP - LOSERS
----------
Oxford BioMedica PLC, down 3.6% at 323.00p, 12-month range 164.29p-74.50p. The gene and cell-therapy company's share price falls, despite JPMorgan raising its price target for the stock to 305p each from 210p. JPMorgan rates Oxford BioMedica at 'neutral'.
----------
By Greg Rosenvinge, Alliance News senior reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.