16th Jul 2025 10:32
(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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Argo Blockchain PLC, up 6.9% at 2.32 pence, 12-month range 13.45p-0.80p. The cryptocurrency mining company gains after US President Donald Trump intervened to arrange a deal among Republicans, after a failed vote in the House of Representatives on Tuesday cast doubt on US cryptocurrency legislation. Trump later on Tuesday said he had convinced hardliners to move forward with the measures. The loss had earlier disrupted the passage of crypto-friendly legislation that had been dubbed as "crypto week". Bitcoin was 0.9% higher at USD118,816 on Wednesday, after hitting a record USD120,000 at the start of "crypto week" on Monday.
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PureTech Health PLC, up 4.4% at 139.20p, 12-month range 182.40p-100.40p. The biotechnology company focused on developing therapies for serious diseases says Chief Executive Officer Bharatt Chowrira steps down with immediate effect. The firm appoints Chief Portfolio Officer Robert Lyne as interim CEO. He was previously CEO of Arix Bioscience PLC before joining PureTech. "PureTech has a high-value portfolio, and I look forward to building on the momentum we've generated as we advance our programmes and deliver on meaningful milestones to create value for patients and shareholders," Lyne says.
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SMALL-CAP - LOSERS
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Critical Metals PLC, down 49% at 0.40p, 12-month range 5.90p-0.32p. The developer and operator of the Molulu copper and cobalt project announces a retail offer of 23.6 million shares at 2p each to raise up to GBP472,598. The company says it is in "imminent need of capital" to continue to trade while developing the Molulu project in the Democratic Republic of Congo, in which it has a 70% indirect interest. Critical Metals says NIU Invest SE agrees to subscribe for up to 47.8 million shares at 2p each to invest up to GBP956,482. Critical Metals says the funds raised will allow it to continue to trade, carry out a drill campaign at the Molulu project and analyse the results of the campaign.
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McBride PLC, down 13% at 132.59p, 12-month range 162.00p-93.17p. The private label products maker notes signs that the private label market share has stabilised at current levels. It expects adjusted operating profit for the year to June 30 to be in line with expectations. The firm adds the revenue for the period was 0.7% higher at constant currency. "In light of continuing inflationary pressures, many retailers are seeking value to support their consumer proposition with an increased requirement for cost out actions to support lower market pricing," McBride warns.
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By Michael Hennessey, Alliance News reporter
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Argo Blockchai.PureTechCritical MetalsMcbride