8th Jun 2022 11:05
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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MetalNRG PLC, up 9.6% at 0.18 pence, 12-month range 0.13p-0.70p. The natural resources investor says a Scottish court has denied all applications made by former director Pierpoalo Rocco pertaining to a termination payment and payment of his legal expenses in the action brought against him by MetalNRG. However, court denied all the applications made by Rocco, who has now brought a separate claim in the Scottish Employment Tribunal for wrongful and unfair dismissal. Company will "vigorously defend this action when it is heard", it adds.
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Nanoco Group PLC, up 9.0% at 45.20p, 12-month range 16.05p-45.90p. Shares in nanomaterial developer hit 12-month high after it says fundraise launched earlier this week was "very significantly over-subscribed". Nanoco will announce the final detailed results of the fundraise later on Wednesday. On Monday, it said it planned to raise GBP2.3 million in placing and subscription of 6.1 million shares at 37.00p each.
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SMALL-CAP - LOSERS
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Integrated Diagnostics Holdings PLC, down 1.5% at USD1.00, 12-month range USD0.91-USD1.45. The consumer healthcare firm posts drop in first-quarter profit. For three months to March 31, generates revenue of EGP1.2 billion, around GBP51.2 million, up from EGP1.1 billion in the first quarter last year, but pretax profit falls to EGP471.3 million from EGP522.3 million.
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By Arvind Bhunjun; [email protected]
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