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WINNERS & LOSERS: Tullow falls as oil down; Thungela swings to loss

23rd Mar 2026 11:50

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

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Main Market small-cap winners

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Cizzle Biotechnology Holdings PLC, up 24% at 2.47p

PYX Resources Ltd, up 24% at 0.20p

Sealand Capital Galaxy Ltd, up 19% at 0.27 pence

S4 Capital PLC, up 7.7% at 20.95p, perks up in late-morning trade after Donald Trump remarks on war

Hemogenyx Pharmaceuticals PLC, up 7.2% at 982.00p

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Main Market small-cap losers

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Hydrogen Capital Growth PLC, down 25% at 4.29p

BSF Enterprise PLC, down 15% at 0.64p

First Class Metals PLC, down 14% at 1.60p

Cloudbreak Discovery PLC, down 12% at 0.42p

Nanoco Group PLC, down 11% at 5.18p

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AIM winners

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Quadrise PLC, up 17% at 1.75 pence, hails first half progress

Strategic Minerals PLC, up 14% at 6.20p, eyes new Redmoor estimate this week

Insig AI PLC, up 13% at 15.00p

Iomart Group PLC, up 10% at 13.35p

Oxford BioDynamics PLC, up 5.0% at 0.21p

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AIM losers

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Atlantic Lithium Ltd, down 18% at 14.30p

Engage XR Holdings PLC, down 17% at 0.30p

Xeros Technology Group PLC, down 17% at 1.06p

Celsius Resources Ltd, down 15% at 0.011p, tracks gold prices lower

Pennant International Group PLC, down 12% at 19.02p, reports weaker annual revenue

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Small-cap and AIM movers in focus:

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Quadrise PLC, up 17% at 1.75 pence, 12-month range 1.50p-5.00p. The provider of alternatives to fuel oil and biofuels says progress made during the first half ended December 31 leaves it "better positioned for commercialisation". Pretax loss during the period widens to GBP2.0 million from GBP1.7 million a year prior. It records GBP45,000 in revenue, against none a year prior. "Although progress in key areas has taken longer than expected, the foundations laid during the period leave Quadrise materially better positioned for commercialisation. The strengthened leadership team, expanded partner network, and successful technical demonstration provide a solid platform for advancing key trials and concluding commercial agreements," it says.

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Strategic Minerals PLC, up 14% at 6.20p, 12-month range 0.25p-6.30p. The mineral exploration and production company reports a new mineral resources estimate and economic analysis at the Redmoor tungsten, tin and copper asset in Cornwall will be released on Thursday. "The MRE will combine the results of last year's drilling and relogging programme and 1980s drilling datasets. The economic sensitivity analysis will update the outputs from the 2020 Redmoor scoping study using the updated MRE, metallurgical testwork results, and other updates, and incorporating new metal price assumptions. Work is progressing on schedule to finalise all outputs prior to the scheduled release date," it adds.

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Thungela Resources Ltd, down 14% at 690.00 pence, 12-month range 318.00p-818.00p. The Rosebank-based thermal coal producer suffered a pretax loss of ZAR7.99 billion, around GBP354.7 million, in 2025, flipped from a profit of ZAR4.99 billion in 2024. Reflecting weak market conditions, the coal producer booked impairment losses of ZAR8.78 billion, widened from just ZAR278 million. Revenue was ZAR29.60 billion, down 17% from ZAR35.55 billion, owing to lower coal prices and a stronger rand.

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Tullow Oil PLC, down 12% at 11.32 pence, 12-month range 3.51p-21.61p. The oil and gas company tracks Brent lower. Brent falls to USD103.55 a barrel, having traded as high as around USD114 earlier Monday. US President Donald Trump said the US has held "productive conversations" with Iran on a "complete and total resolution" of hostilities in the Middle East, as he announced a temporary pause on planned military strikes on energy infrastructure.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Sealand CapPYX ResourcesHemogenyx PharmaceuticalsCizzle BiotechNostrum Oil&gasCloudbreakHydrogenOneFirst Class Metals PLCBio-Sustainable Future EnterprisesNanocoQuadriseStrategic MineralsIomartOxford BiodynPennant InternationalEngage XrXeros TechCelsius Resources LimitedAtlantic LithiumThungela ResourcesTullow Oil
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