2nd Jul 2021 10:50
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Pembridge Resources PLC, up 6.3% at 6.38p, 12-month range 2.55p-11.96p. The copper ores company says Chair & CEO Gati Al-Jebouri buys additional 281,363 shares at an average price of 6.03p per share between Tuesday and Thursday, worth GBP16,966. Al-Jebouri's holding has increased to 21.0% from 20.7% of the issued share capital. Al-Jebouri says: "I continue to see a substantial disconnect between the current share price and the underlying value of our assets, even more so given the anticipated restructuring of Minto and expected near-term listing on the TSXV in Canada. I believe the outlook for both the copper price and Pembridge is very positive and will continue to support as opportunities arise."
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Bank of Georgia Group PLC, up 3.5% at 1,432.00 pence, 12-month range 734.00p-1,454.00p. The Georgian lender's subsidiary JSC Bank of Georgia buys back USD8.3 million of bonds due 2023. Bank of Georgia holds 15% of the 2023 bonds following the repurchase.
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SMALL-CAP - LOSERS
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Chesterfield Resources PLC, down 5.4% at 11.24p, 12-month range 5.61p-19.50p. The copper development company completes its previously announced fundraise, upsized to GBP800,000 from GBP750,000. A total of 8.0 million new shares have been placed with new and existing investors at a placing price of 10.00p each. The placing price represents a 16% discount to Thursday's closing price of 11.88p.
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Gym Group PLC, down 1.6% at 280.50p, 12-month range 116.00p-317.50p. The no-frills gym chain places 11.4 million shares at placing price of 275.00p each, raising GBP31.2 million. Placing price represents a discount of 3.5% to the closing share price of 285.00p on Thursday.
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By Arvind Bhunjun; [email protected]
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Related Shares:
Bank Of Georgia GroupPERE.LGym GrpChesterfield R.