17th Mar 2026 10:10
(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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BSF Enterprise PLC, up 44% at 0.87 pence, 12-month range 576.00p-0.50p. The London-based biotech company says wholly-owned subsidiary Lab-Grown Leather Ltd has successfully tanned scaffold-free, cultivated skin in A4-sized sheets. The firm says this is a "critical step" toward large-scale commercialisation of sustainable luxury and ultra-luxury materials in a "first-of-its-kind" process. It completes the tanning without the use of heavy metals like chromium, and says professional tanners say the material is comparable to traditional leather. "The successful tanning of A4-sized sheets in the UK is the 'proof of concept' the industry has been waiting for. We have shown that we can preserve the soul of leather-the smell, the feel, the durability-while removing the ethical and environmental baggage," says Chief Executive Officer Che Connon.
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Zenith Energy Ltd, up 28% at 7.67p, 12-month range 17.50p-2.22p. Shares in the Calgary, Canada-based oil company, which has interests in Italy, Tunisia and the US, continue to rise as the price of Brent oil climbs in response to the conflict in the Middle East. Brent oil was trading marginally lower at USD102.63 a barrel on Tuesday morning from USD102.83 on Monday evening. The price has jumped from around USD70.75 at the end of February. Zenith shares have more than doubled from 3.45p a month ago.
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SMALL-CAP - LOSERS
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PYX Resources Ltd, down 29% at 0.20p, 12-month range 2.00p-0.18p. The Indonesia-focused zircon and mineral sands producer says its shares have been suspended from trading in Australia for failing to lodge its 2025 financial statements on time. It says the shares will be reinstated once the report is published.
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SThree PLC, down 4.0% at 160.00p, 12-month range 285.00p-132.20p. The London-based science, technology, engineering and mathematics-focused staffing firm says net fees fall 8% on-year in the first quarter to the end of February "reflecting continued stabilisation, supported by ongoing growth in the USA and Japan, and a significant improvement on the prior-year rate of decline," it says. The firm adds that new business activity is "broadly consistent" with last year. SThree says its cost optimisation programme is progressing as planned, with costs to deliver weighted to the first half and savings expected from the second half. The company expects its financial 2026 performance to be in line with the previously announced GBP10 million pretax profit guidance. "Trading in the first quarter of FY26 has started in line with expectations, with continued stability across our business and encouraging momentum in select markets, notably the USA and Japan," says Chief Executive Timo Lehne. Separately, SThree says Chief Financial Officer Andrew Beach will step down at the firm's annual general meeting on April 29. He will continue with the business until the release of its half year results on July 21 "to support a smooth and orderly transition". The company says Damian Fehrenberg, senior vice president for the US Finance arm, will become interim CFO from April 30. SThree starts the process to recruit a new permanent CFO.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Zenith EnergyBio-Sustainable Future EnterprisesPYX ResourcesSThree