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WINNERS & LOSERS: Riverstone redeems shares; IQE raises GBP513 million

28th Apr 2026 11:20

(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Tuesday.

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Main Market small-cap winners

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Corpus Resources PLC, up 31% at 0.02 pence

Nostrum Oil & Gas PLC, up 27% at 1.90p

Mila Resources PLC, up 21% at 1.45p, reports highest-grade gold intercept recorded at Yarrol project

Technology Minerals PLC, up 9.3% at 0.08p, installs new separation equipment at Recyclus

Tullow Oil PLC, up 9.9% at 12.73p,

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Main Market small-cap losers

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Gem Resources PLC, down 18% at 0.23p

Riverstone Energy Ltd, down 17% at 655.00p, redeems 34.3% of total shares for GBP30 million return

Macau Property Opportunities Fund Ltd, down 7.1% at 5.24p

Fragrant Prosperity Holdings Ltd, down 6.7% at 0.42p

Aquila European Renewables PLC, down 6.7% at EUR0.19, NAV/share down to 56.7 euro cents from 84.7

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AIM winners

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Ascent Resources PLC, up 13% at 0.68 pence

Light Science Technologies Holdings PLC, up 9.3% at 1.48p

Kazera Global PLC, up 8.7% at 1.25p

Provexis PLC, up 7.5% at 1.01p

Oracle Power PLC, up 6.1% at 0.05p, begins diamond drilling operations at Northern Zone gold project

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AIM losers

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IQE PLC, down 24% at 37.30p, raises GBP513 million via placing and retail offer at 19.8p per share

Trellus Health PLC, down 24% at 0.13p

Mirriad Advertising PLC, down 20% at 0.0024p

GEO Exploration Ltd, down 10% at 0.1075p

Verici Dx PLC, down 9.5% at 0.475p

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Small-cap and AIM movers in focus:

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Mila Resources PLC, up 21% at 1.45 pence, 12-month range 0.25p-2.80p. Reports strong drilling results from its Yarrol gold project in Queensland, Australia. Says recent RC drilling returns high-grade intercepts, including a peak result of 112 grams per tonne over 1 metre, confirming mineralisation in new areas and extending known zones. Adds results support continuity of gold mineralisation and will feed into an initial JORC resource estimate, with further assay results from the programme still pending.

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Tullow Oil PLC, up 9.9% at 12.73 pence, 12-month range 3.51p-21.61p. The London-based oil and gas company swings to a 2025 pretax loss of USD63 million from a USD174 million profit in 2024, while revenue falls to USD847 million from USD1.29 billion.

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Technology Minerals PLC, up 9.3% at 0.08 pence, 12-month range 0.04p-0.17p. Installs new separation equipment at its Recyclus facility, unlocking additional revenue streams. Says the upgrade enables recovery of copper and aluminium, supporting diversification of income and enhancing processing capabilities.

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Riverstone Energy Ltd, down 17% at 655.00 pence, 12-month range 640.00p-990.58p. Returns GBP30 million to shareholders through a share redemption. Says it has redeemed 2.5 million shares, representing 34.3% of its share capital, at GBP11.94 each, with the shares to be cancelled. Adds a new ISIN will be issued for the remaining shares following the capital return.

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Aquila European Renewables PLC, down 6.7% at EUR0.19, 12-month range EUR0.20-EUR0.66. Reports a "challenging and profoundly disappointing" 2025 and focuses on executing a managed wind-down. Says net asset value per share falls to 56.7 euro cents from 84.7 euro cents year-on-year. Adds its priority is to deliver the wind-down in a disciplined manner to maximise returns for shareholders.

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By Eva Castanedo, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Corpus Resources PLCNostrum Oil&gasMila ResourcesTech MineralsTullow OilGem Resources PLCRiverstone EnergyMacau PropertyFragrant Prosp.Aquila Euro.Aquila Euro.IQETrellus Health.Mirriad AdvertisingGEO Exploration LimitedVerici DxAscent ResourcesLight Science TechnologiesKazera GlobalProvexisOracle Power
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