(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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Dr Martens, 452.16p, up 22% from initial public offering price of 370p. The iconic boot maker said its entire share capital has begun trading on London's Main Market on Wednesday, with a market value of around GBP4.5 billion putting Dr Martens easily in contention for a spot in the FTSE 250 index of mid-caps.
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Volution Group, up 5.5% at 308.57 pence, 12-month range 122.46p-313p. The ventilation products supplier said it is "pleased" with its strong trading performance and also has agreed to buy Swedish ventilation equipment maker Nordiska Klimatfabriken.
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STV Group up 5.0% at 347.56p, 12-month range, 210p-452.83p. The Glasgow-based television broadcaster said it saw a record-breaking performance in January for its free streaming service STV Player, with the release of exclusive drama box sets driving viewer growth. STV said total steams for STV Player are up over 100% to 12.5 million streams when compared to a year prior. The number of monthly active users on the service grew by 20% in January.
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Standard Life Investments Property, up 4.9% at 60.80p, 12-month range 43.51p-993p. The property investor said net asset value per share as at December 31 was up 4.1% to 82.0p from 78.8p.
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4D Pharma, up 4.6% at 120.83p, 12-month range 23.5p-183p. The pharmaceutical company said enrolment is progressing well both for part B of the MRx0518 and Keytruda combination study and for its pancreatic cancer study. 4D said 24 additional patients across five active US sites have been treated in part B of the study, consisting of 12 patients with renal cell carcinoma, 9 patients with non-small cell lung cancer, and 3 bladder cancer patients.
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SMALL-CAP - LOSERS
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Bacanora Lithium, down 15% at 47.40p, 12-month range 14.5p-69p. The lithium explorer said it successfully raised approximately USD65 million through the placing of shares as well as a retail offer. A total of 101.4 million shares were placed at 45 pence each, raising proceeds of about USD62 million, while an extra USD3 million was raised after retail and other investors subscribed for 5.6 million shares.
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Porvair, down 2.5% at 525.75p, 12-month range 370p-796.47p. The filtration, laboratory and environmental technology firm's shares were continuing to fall after it said earlier this week that near-term trading remains unpredictable and continued to withhold earnings guidance. The stock is down 8.4% since last Thursday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Volution Group PLS (FAN)
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