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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Avon Protection PLC, up 9.4% at 1,015.47 pence, 12-month range 914p-4,650p. Stock rebounds after slumping more than 50% on Friday in the wake of news that it is starting a strategic review of its body armour business. This is after its Vital Torso Protection Enhanced Small Arms Protective Inserts plates encountered a failure in first article testing which will significantly delay the likely approval timetable for this product. Protection equipment company said it has also experienced further delays in obtaining final product approvals for the US Defense Logistics Agency Enhanced Small Arms Protective Inserts body armour plates, with approvals for this product now expected in the second quarter of its current financial year ending September 2022. Shares have shed 68% since start of 2021.
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SMALL-CAP - LOSERS
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Pure Gold Mining Inc, down 5.6% at 56.15p, 12-month range 48p-177.5p. Reports third-quarter gold production of 9,260 ounces, up 54% on the second quarter, with average daily throughput of 685 tonnes. Mine operating loss USD5.9 million for three months to September 30.
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By Lucy Heming;Â lucyheming@alliancenews.com
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