11th Oct 2021 11:04
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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OTAQ PLC, up 8.9% at 39.75p, 12-month range 22.1p-44p. The marine aquaculture technology company gets all approvals needed to supply its newly developed tracking device for a "prestigious annual sporting event". The company will delivery 610 devices before the end of the financial year on March 31, 2022, and they will provide real-time tracking of competitors within an accuracy of 60cm. "This win opens new and exciting opportunities in the competitive events space and is a valuable reference for future land and sea applications benefiting from accurate real-time location data," says Chief Executive Phil Newby.
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Wickes, up 3.7% at 237.40p, 12-month range 218.4p-288.4p. Berenberg starts the DIY retailer with Buy rating. "Wickes has a strong digital proposition, supported by its right-sized store network, providing customers with an attractive omnichannel home improvement proposition," the German bank says.
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Civitas Social Housing PLC, up 2.9% at 90.9p, 12-month 85.2p-121p. Says assets and revenue are performing in line with expectations, as it seeks to earn back shareholder faith. "Given the recent fall in its share price, the company has been buying back its shares as an enhancement to shareholder value, at a time when the share price is low compared to the company's net asset value," it says.
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By Lucy Heming;Â [email protected]
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