29th Apr 2026 11:44
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Wednesday.
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Main Market small-cap winners
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Cindrigo Holdings Ltd, up 63% at 6.50 pence, gets GBP6.7 million direct equity investment
Treatt PLC, up 46% at 299.25p, agrees to GBP183 million takeover by Dohler Group at 305p per share
capAI PLC, up 15% at 1.35p
Cizzle Biotechnology Holdings PLC, up 13% at 2.70p
Zenith Energy Ltd, up 11% at 7.50p
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Main Market small-cap losers
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Nostrum Oil & Gas PLC, down 36% at 2.50p, revenue and Ebitda falls in 2025
Quantum Data Energy PLC, down 30% at 1.75p, Crowe UK resigns as auditor; says "entirely unexpected"
Pyx Resources Ltd, down 17% at 0.27p
ICFG Ltd, down 11% at 12.50p
Chill Brands Group PLC, down 10% at 0.40p
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AIM winners
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ADM Energy PLC, up 25% at 0.05 pence, creates joint venture to acquire Oklahoma oil and gas assets
Engage XR Holdings PLC, up 14% at 0.20p
ITM Power PLC, up 14% at 147.60p, raised by Goldman Sachs to 'overweight'
Acuity RM Group PLC, up 13% at 0.87p
Xeros Technology Group PLC, up 12% at 1.70p
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AIM losers
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Futura Medical PLC, down 39% at 0.79p, swings to pretax loss in 2025
Mirriad Advertising PLC, down 20% at 0.0024p
SpaceandPeople PLC, down 13% at 165.00p, flags economic headwinds in annual earnings
Mercantile Ports & Logistics Ltd, down 11% at 0.42p
Oracle Power PLC, down 10% at 0.05p
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Small-cap and AIM movers in focus:
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Cindrigo Holdings Ltd, up 63% at 6.50 pence, 12-month range 3.50p-16.50p. Secures over GBP11 million in funding and outlines expansion of its biomass platform. Says the investment includes GBP6.7 million in equity at 12p per share, alongside additional commitments and guarantees, supporting its development strategy. Also announces a EUR3 million joint venture investment with partners to establish Fuelwood in Finland, with total initial capitalisation of around EUR4 million. Fuelwood is expected to become the primary customer of Cindrigo's Finnish energy business, with the integrated model aimed at diversifying revenue streams and supporting growth in biomass and energy operations.
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Treatt PLC, up 46% at 299.25 pence, 12-month range 180.00p-301.00p. Agrees to a GBP183 million takeover by Germany's Dohler Group. Dohler will pay 305p per share in cash, representing a 48% premium to the prior closing price and around 5% above a previous offer from Natara. Notes the bid has backing from around 12% of shareholders. Separately, reports weaker interim results, with pretax profit down 31% to GBP2.0 million and revenue falling 6.5% to GBP59.9 million year-on-year.
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ADM Energy PLC, up 25% at 0.05 pence pence, 12-month range 0.020p-0.12p. Announces formation of Vega Upstream joint venture with Covenant Oil to acquire oil and gas assets in Oklahoma. Says the JV has agreed to acquire the Midcon assets for a base price of USD14.9 million, with ADM taking a 50% voting interest. The deal is expected to be funded through a mix of debt and equity. Adds the acquisition includes producing wells and midstream infrastructure, which it believes will be transformative for the company. Notes part of the JV interest will be issued to Electric Guitar PLC, which has an option to acquire certain assets for up to USD6 million. Electric Guitar shares have been suspended from trading since June last year.
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Quantum Data Energy PLC, down 30% at 1.75 pence, 12-month range 1.30p-5.50p. Says it will miss Thursday's deadline to publish its 2025 results after the unexpected resignation of its auditor. Notes Crowe UK has stepped down as auditor, prompting the company to seek a replacement to complete the accounts. Adds the Bordesley power project remains on track and within budget, with commercial operations expected to begin in the fourth quarter.
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Futura Medical PLC, down 39% at 0.79 pence, 12-month range 0.74-15.00p. Swings to an annual loss as revenue drops sharply. Reports a 2025 pretax loss of GBP9.1 million versus a GBP1.3 million profit a year earlier, with revenue falling to GBP1.7 million from GBP13.9 million. Says it is exploring a range of dilutive and non-dilutive funding and strategic options, aiming to extend its cash runway beyond June if a Haleon PLC patent milestone is delayed.
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By Eva Castanedo, Alliance News reporter
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