(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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MGC Pharmaceuticals Ltd, up 3.3% at 2.53 pence, 12-month range 2.05p-7.43p. Perth, Australia-based bio-pharmaceutical company completes ArtemiC delivery order from Swiss PharmaCan AG. "Under the terms of the contract, MGC Pharma expects to receive the full order amount of about EUR650,000 by early December, which would place the company on track to deliver its best quarter and half yearly revenue result," company says. ArtemiC is a proprietary supplement for MGC Pharma, which is based on Swiss PharmaCan's IP, MyCell technology. MGC Pharma is the sole producer of ArtemiC.
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Cobra Resources PLC, up 4.7% at 1.83 pence, 12-month range 1.50p-3.40p. Says latest phase of field operations from Wudinna gold project in South Australia indicates further gold mineralisation at Clarke. "Drilling at Clarke comprised 14 holes totalling 2,187 metres, designed to test the continuity of mineralisation where recent pathfinder drilling defined a significant 1.1 km anomalous gold zone over last year's intercept of 31m at 3.06 grammes per tonne of gold," company says. Notes exploration programme has progressed on schedule and within budget.
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By Paul McGowan; paulmcgowan@alliancenews.com
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