(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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Pembridge Resources PLC, up 50% at 10.48p, 12-month range 2.55p-10.9p. Says preliminary economic assessment technical report extends Minto's life of mine to 8 years from 4 years previously, while total resources have been increased to 24.1 million tonnes from 22.6 million. "The technical report prepared by JDS confirms our expectations for the Minto life of mine as well as the potential for further development. The imbedded value of Minto is now clearly identified, and the Minto team is very excited to realise and grow this value for all the Minto stakeholders," says Chief Executive Gati Al-Jebouri.
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Nanoco Group PLC, up 12% at 28.85p, 12-month range 8.2p-30.4p. The quantum dots developer pleased with final report on Markman hearing. Says judge effectively rejected four of the five constructions proposed by Samsung and rejected one of the constructions proposed by Nanoco. In four of the five patents in the case, Nanoco's constructions were upheld and in the fifth patent Nanoco and Samsung each had one construction upheld. "While this is just one further step in a lengthy process, it is positive in respect of the credibility of Nanoco's patents and therefore maintains our confidence in our case that Samsung wilfully infringed our IP ahead of the trial in October," says Chief Executive Brian Tenner.
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John Menzies PLC, up 4.6% at 324.75p, 12-month range 98p-357.5p. The aviation services provider raises GBP22 million via placing, subscription and retail offer. Firm late Tuesday first announced the planned fundraise, and also said trading has been encouraging in the year to date, with underlying profitability ahead of previous management expectations. "I am very pleased that the fundraise was over-subscribed demonstrating confidence in our strategy and our robust performance. I look forward to working with my teams on delivering our growth strategy as we continue to the drive the business forward," says Chair & Chief Executive Philipp Joeinig on Wednesday.
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By Lucy Heming; lucyheming@alliancenews.com
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