18th Jul 2025 10:39
(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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Hamak Gold Ltd, up 45% at 2.18 pence, 12-month range 3.20p-0.36p. The gold exploration firm with licences in Liberia sets up an advisory board with US economist Arthur Laffer as the founding member. Laffer is known as the creator of the Laffer Curve and for influencing US fiscal policy under Reagan. He was also previously an economic advisor to US President Donald Trump and received the presidential medal of freedom in 2019. "We are thrilled to welcome Dr Laffer as the founding member of Hamak's advisory board. As a world-renowned economist, he brings a vast array of experience to the role and will be a valuable sounding board as we develop our treasury strategy moving forward," says Chair Nick Thurlow.
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AltynGold PLC, up 6.2% to 614.00p, 12-month range 658.00p-145.32p. The miner reports sharp growth in revenue and gold production in the first half of 2025 as operations at its main Sekisovskoye mine in Kazakhstan ramp up. Revenue in the six months to June 30 jumps 84% to USD70.0 million from USD38.0 million a year before, driven by higher and volumes and gold prices. Gold poured was up 44% to 28,081 ounces from 17,413 ounces. The company says it sold 22,595 ounces during the period, up 39% from a year before, at an average realised price of USD3,098 per ounce. Chief Executive Officer Aidar Assaubayev says AltynGold is continuing its transformation into a "significant multi-asset mining company" and highlights progress on its environmental and safety commitments.
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SMALL-CAP - LOSERS
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GSTechnologies Ltd, down 11% at 1.14p, 12-month range 3.65p-0.55p. The fintech company issues arbitration notice against Choo Seet EE and Zheng Kang Wen Mervyn, the sellers of Semnet, which it previously bought a 67% stake in. GSTechnologies says that the sellers "have acted in breach of their non-complete undertakings owed to the company" and in breach of their obligations to Semnet as employees. The company says if it wins the arbitration, it expects a recovery of profits for Semnet. "The company intends to follow the arbitration process and cannot comment any further on these issues at this stage, as to do so may prejudice the company's position in the arbitration," GSTechnologies says.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Hamak GoldAltyngoldGSTechnologies