9th Dec 2024 10:01
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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On the Beach Group PLC, up 3.6% at 242.98 pence, 12-month range 127.75p-244.00p. The beach holidays retailer climbs again, looking set to extend its winning streak to nine days. On Tuesday last week, On the Beach declared a final dividend and launched a GBP25 million share buyback, as cash piled up thanks to a near doubling in annual profit.
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Ferrexpo PLC, up 2.5% at 122.00p, 12-month range 38.15p-124.00p. Shares in the iron ore pellets producer, which operates in Ukraine, have almost doubled since Donald Trump's US re-election. The stock hits this 12-month high on Monday. Trump on Sunday said Ukrainian President Volodymyr Zelensky is keen on a "deal" to end the war with Russia, after the pair met in Paris to discuss the future of the conflict, AFP reported.
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SMALL-CAP - LOSERS
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Kenmare Resources PLC, down 0.6% at 351.50p, 12-month range 291.00p-407.50p. The Mozambique-focused producer of titanium minerals and zircon reports there are no reported injuries to date at its Moma mine stemming from protests in the southern African nation following October's general election. "The company is monitoring the situation closely and is taking precautionary measures to ensure the continued safety of its personnel and the integrity of its facilities. Contrary to some media reports, senior management have remained on the mine site and no employees have been evacuated," Kenmare adds. "While the majority of protestors have engaged peacefully, a proportion have been involved in civil disorder and criminal activities, including commandeering and damaging vehicles, some of which have subsequently been returned. However, there has been no damage to company facilities and operations at the mine are continuing as normal. The presence of authorities on the ground has increased, which has calmed the situation over the weekend. The company remains committed to maintaining open communication with all stakeholders to support the swift and peaceful resolution of the situation."
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By Eric Cunha, Alliance News news editor
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