19th Mar 2026 10:24
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Synthomer PLC, up 37% at 24.60 pence, 12-month range 16.70p-123.74p. The chemicals group says trading since the start of 2026 is in line with expectations and maintains its 2025 guidance for GBP1.74 billion revenue and GBP135 million to GBP138 million Ebitda. Synthomer says it is engaging constructively with lenders to amend covenants and extend facility maturities as it progresses a debt refinancing alongside its divestment programme, adding it does not currently intend to issue new equity. The firm notes rising sales volumes in several product areas and says it continues to pass through higher raw material and energy costs via price increases, while warning uncertainty remains around the Middle East conflict.
----------
East Star Resources PLC, up 8.4% at 3.47p, 12-month range 0.83p-4.40p. The company finalises a joint venture with Xinhai Mining at the Verkhuba copper deposit, with Xinhai to farm into the asset and advance it towards production. East Star says Xinhai's estimated investment in the project is USD65 million and that Xinhai can earn up to a 70% stake in stages.
----------
SMALL-CAP - LOSERS
----------
Capital Ltd, down 8.6% at 127.00p, 12-month range 59.00p-159.00p. The provider of mineral drilling solutions reports 2025 pretax profit of USD93.5 million, up from USD32.9 million in 2024, as revenue edges down to USD345.8 million from USD348.0 million. Capital proposes a final dividend of 1.3 US cents, flat year-on-year, and guides 2026 revenue in the range of USD410 million to USD440 million. Executive Chair Jamie Boyton says: "I am very pleased to report a strong set of results for 2025, marking a clear transition from the challenges of the past year. The group has emerged stronger, more diversified and with significantly enhanced flexibility. This year we advanced the projects that will drive our next phase of growth. Our Reko Diq mining contract is ramping up well alongside our restarted mining contract at Sukari, both expecting full run operations during 2026."
----------
Mila Resources PLC, down 4.3% at 1.00p, 12-month range 0.21p-2.80p. The London-based post-discovery gold exploration firm says reverse circulation drilling is underway at its Yarrol gold project, with around half of the planned 1,600-metre programme completed despite adverse weather. Mila says diamond drilling has extended the mineralised system to around 300 metres depth, confirming structural controls on gold mineralisation, with further assay results pending. The company also advances exploration at Monal, targeting copper-gold porphyry systems, and at Mt Steadman as part of a broader regional gold corridor strategy.
----------
By Eva Castanedo, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Capital LimitedMila ResourcesSynthomerEast Star Reso