4th Nov 2025 10:57
(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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Hydrogen Utopia International PLC, up 13% at 1.80 pence, 12-month range 4.30p-0.87p. The London-based developer of technology to convert non-recyclable waste plastics into hydrogen receives investment registration certificate from the Ministry of Investment of Saudi Arabia. The certificate provides the company with "full legal standing and authorisation" to operate in the kingdom as a 100% foreign-owned entity. This enables the firm to establish a Saudi branch or subsidiary. It also grants HUI eligibility to access Saudi government tenders, incentive schemes and research and development collaborations. "Securing a MISA investment registration certificate represents a major step forward for HUI. It gives us a formal platform to establish operations in Saudi Arabia and to bring our proprietary circular economy technologies to one of the most ambitious clean energy markets in the world," says CEO Aleksandra Binkowska.
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Ferro-Alloy Resources Ltd, up 13% at 6.22p, 12-month range 15.00p-2.30p. The Kazakhstan-focused vanadium producer agrees terms for front-end engineering and design for the Balasausqandiq vanadium project with China National Chemical Engineering Sixth Construction Co Ltd, or CC6. The firm says CC6 estimates construction costs of USD261 million for the project, which cuts the funding required to get into production to USD311.9 million, a 40% reduction compared to the feasibility study. It says the corresponding enhanced project internal rate of return is 31% with a net present value of USD931.6 million. CC6 receives a USD221.8 million conditional loan offer, equating to 85% of the scope of work. "As previously indicated, we have identified substantial capital cost savings that demonstrate the potential to significantly enhance the project's financial returns," says Ferro-Alloy Chief Executive Officer Nick Bridgen. "In addition CC6, a company that has vast experience in building plants all over the world with particular expertise in vanadium processing technology, has secured an attractive conditional offer of construction financing for the project with BOC Bank."
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SMALL-CAP - LOSERS
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Zotefoams PLC, down 9.8% at 406.00p, 12-month range 479.88p-222.00p. The Croydon, London-headquartered foams, insulation, seals and interior trims provider says revenue fell to GBP38.2 million in the quarter to the end of September from GBP39.7 million a year ago. The firm says it "sustained its positive trading momentum" during the period and adds that the performance was in line with the board's expectations. Revenue in North America was down 16%, amid more subdued demand in the Construction & Other Industrial division. In the year-to-date, reported revenue is up 5% to GBP115.7 million from GBP110.7 million. It is 7% higher on a constant currency basis. Looking ahead, Zotefoams says: "The board is confident in the group's ability to sustain positive momentum, with good visibility of confirmed orders across most business units for the remainder of the final quarter, underpinning a continued expectation of delivering mid-single-digit growth for the year as a whole." It expects revenue and adjusted pretax profit for 2025 to be in line with current market expectations. It puts the consensus at revenue of GBP154.4 million and adjusted pretax profit of GBP20.5 million. "In what remain mixed market conditions, I am pleased that the business has continued to trade in line with our expectations, whilst also making good progress with our refreshed strategy," says CEO Ronan Cox. "Looking ahead, our order book provides good visibility for the remainder of 2025 and as a result, the board remains confident in its ability to meet market expectations for the full year."
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Mila Resources PLC, down 11% at 2.42 pence, 12-month range 2.80p-0.17p. The London-based post-discovery gold exploration firm exercises the EMX option agreement with EMX Royalty Corp. This grants it the right to acquire exploration licences relating to three project areas in Queensland, Australia. It will issue EMX with 7.1 million new shares at 1.55p each, a total of GBP110,000. The option fee shares are subject to a lock up for twelve months. The firm also issues EMX with 3.2 million new shares at 1.5p each, as its share price has exceeded 1.0p for more than 12 continuous trading days. "Securing the Queensland licence package from EMX marks an important step for Mila. We recently hired our own team at Yarrol and now that we are in control of the licence package we can more forward and determine our own strategy for exploration and development," says Executive Chair Mark Stephenson.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Hydrogen UtopiaZotefoams PlcMila Resources