28th Oct 2025 11:00
(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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Auction Technology Group PLC, up 8.8% at 339.50 pence, 12-month range 658.00p-288.00p. The London-based auction market operator expects revenue and adjusted earnings before interest, tax, depreciation and amortisation for the 12 months to the end of September to be in line with recently revised market expectations. It says the consensus has revenue at USD186.3 million and adjusted Ebitda at USD75.8 million. It sees an adjusted Ebitda margin of between 42% and 43%. The firm says revenue growth accelerated in the second half, and therefore it expects revenue, including Chairish, to be up around 9%. It says initial trading for Chairish has been in line with its expectations. Auction Technology says it expects its performance in the new financial year to be in line with current market expectations. The company says expectations for financial 2026 are for revenue to rise to USD241.3 million with adjusted Ebitda higher at USD85.5 million.
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Altona Rare Earths PLC, up 8.3% at 2.17p, 12-month range 2.76p-1.05p. The critical raw materials-focused explorer and developer hails a "high" success rate for fluorine in soil assay results from the Monte Muambe fluorspar and gallium project in Mozambique. The company says that 45% of diamond drilling core samples extracted so far show "visible fluorspar mineralisation". "Our Monte Muambe exploration team is tirelessly running several parallel work streams aimed at increasing the resource base of the fluorspar project and defining a potential gallium resource in the process," says Chief Executive Officer Cedric Simonet.
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SMALL-CAP - LOSERS
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Resolute Mining Ltd, down 12% at 1.01p, 12-month range 1.22p-0.34p. The Africa-focused gold miner says gold production in the third quarter to the end of September was down at 59,857 ounces from 75,962 ounces in the second quarter. The firm says the lower output was due to the first full quarter of stockpile processing at Mako and the impact of rainy season on both sites. All-in sustaining costs were higher at USD2,205 per ounce from USD1,668 in the second quarter. Resolute says this is due to the combined impact of lower gold production and increased government royalties on higher realised gold prices. Quarterly gold sales were 53,843 ounces at an average realised price of USD3,404 per ounce, compared to 80,797 ounces at USD3,261 per ounce in the second quarter. The firm trims its 2025 gold output guidance to between 275,000 and 285,000 ounces from between 275,000 and 300,000. "2025 continues to be a transformational year across the business as we optimise our producing assets and execute on building a diverse Africa-focused gold producer," says CEO Chris Eger. "Moving into final quarter of 2025, I am confident of a stable end to the year and that the company is well-positioned for positive performance in 2026."
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Panther Metals PLC, down 9.0% at 61.44p, 12-month range 130.20p-36.00p. The Canada-focused mineral deposits explorer raises GBP600,000, before expenses, via an allotment of 1.0 million shares to CEO Darren Hazelwood, at 60p each. The placing shares will represent around 17% of the existing issued share capital of the company. Panther Metals plans to raise gross proceeds of up to GBP100,000 through a retail offer of 166,667 new shares at 60p each.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Auction Technology GroupAltona Rare EarthsResolute MiningPanther Metals