2nd Jan 2025 09:24
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Contango Holdings PLC, up 8.0% at 1.35 pence, 12-month range 0.88p-2.90p. The firm has received the first royalty payment of USD200,000 as part of an agreement with Huo Investments Pvt Ltd. The coal producer, focused on the Muchesu project in Zimbabwe, expects to receive a further USD800,000 this month. A further minimum USD1.0 million royalty payment is expected around the end of the first-quarter. "Thereafter additional royalty payments to the company will be in line with operational productivity at Muchesu," it adds.
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Digital 9 Infrastructure PLC, up 3.7% at 19.60p, 12-month range 14.50p-33.31p. Shares build on gains made at the end of 2024. On Tuesday, it entered into a deal to exit the EMIC-1 intercontinental subsea cable system for USD42 million. The sum is a 15% discount to the June 30 valuation of USD49.6 million, the investor in internet infrastructure, such as data centres and subsea fibre, said.
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SMALL-CAP - LOSERS
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Ultimate Products PLC, down 3.6% at 116.62p, 12-month range 107.50p-185.50p. Shares in the owner of homeware brands go ex-dividend on Thursday, meaning new buyers do not qualify for the latest payout.
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By Eric Cunha, Alliance News news editor
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