18th May 2021 11:01
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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TBC Bank Group PLC, up 5.6% at 1,136.00 pence, 12-month range 700p-1,350p. The Georgian banking group swings to first quarter consolidated net profit of GEL153.0 million - equivalent to around GBP31.7 million - from GEL57.0 million loss year-on-year. "The improving business environment, coupled with our strong data analytical capabilities and focus on digital, fills me with confidence that in 2021 we will be able to return to our pre-Covid profitability levels and we will assess the potential for future dividends subject to macroeconomic developments and containment of Covid-19 pandemic," company says.
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SMALL-CAP - LOSERS
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Hemogenyx Pharmaceuticals PLC, down 18% at 1.78p, 12-month range 1.73p-15.4p. The biotechnology company enters into agreement with Mint Capital Advisors Ltd for the redemption and sale of all outstanding GBP8.1 million convertible unsecured loan notes issued to Mint in February. Following completion, there will be no convertible loan notes outstanding and the facility entered into with Mint will terminate. "The directors have determined that the redemption and sale are in the best interests of the company and its shareholders. The company will be able to maintain its level of operations as it moves its product candidates forward to clinical trials, updates about which will be provided to shareholders in due time," company says.
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Nostrum Oil & Gas, down 12% at 11.5p, 12-month range 7.43p-16p. Reports first quarter revenue of USD46.2 million, down from USD60.4 million year-on-year, while earnings before interest, taxes, depreciation and amortisation falls to USD26.8 million from USD31.7 million.
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By Lucy Heming;Â [email protected]
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Related Shares:
TBC Bank GroupNostrum Oil&gasHemogenyx