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SMALL-CAP WINNERS & LOSERS: Card Factory agrees refinance, trades well

Fri, 30th Apr 2021 10:52

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

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SMALL-CAP - WINNERS

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MetalNRG PLC, up 18% at 0.824 pence, 12-month range 0.41p-1.45p. The natural resource investing and exploration company reports loss for 2020 of GBP810,133 versus GBP584,855 for ten-month period ended December 31, 2019, though says it comes out of year "stronger than it was 12 months ago". "The next 12 months are going to see us work hard on a number of fronts, both developing existing assets and hopefully adding to our investment portfolio and we look forward to keeping the market up to speed with our progress," company says.

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Card Factory PLC, up 6.3% at 83.42p, 12-month range 28p-85.18p. The greeting cards retailer agrees headline refinancing terms and adds that trading since reopening stores in England and Wales earlier in April has been better-than-expected. Says performance since the reopening of stores in England and Wales on April 12 has exceeded its expectations, while shops in Scotland reopened at the beginning of the week and those in Northern Ireland open up on Friday. Adds it has agreed headline terms for refinancing with its current syndicate of commercial lending banks and will issue a further update once terms are documented.

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Nostrum Oil & Gas PLC, up 3.9% at 9.00p, 12-month range 7.42p-16p. The exploration and production company achieves average daily production of 19,341 barrels of oil equivalent per day for first quarter of 2021, ahead of production guidance for the year of 17,000 barrels per day.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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