(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Galliford Try Holdings PLC, up 2.8% at 130.56 pence, 12-month range 70p-167.06p. The construction group says its Environment arm has been appointed to Scottish Water's new Non-Infrastructure Framework for the SR21-27 investment programme, in joint venture with MWH Treatment. The new framework is valued at GBP700 million over six years beginning this year, and will see the 50-50 joint venture, known as ESD, support the capital delivery functions of Scottish Water.
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SMALL-CAP - LOSERS
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Cobra Resources PLC, down 25% at 1.92p, 12-month range 0.65p-3.85p. Says 2020 work programme at the Wudinna gold project in south Australia successfully identified a strike extension of mineralisation at the Clarke prospect. Says 2021 programme will focus on drilling for further strike extensions to the Clarke mineralised trend sufficient to deliver an initial mineral resource for this prospect. However, adds that Craig Moulton has resigned as managing director and as a board member. He will stay on for up to six months to handover his responsibilities. "The board will immediately commence a process to identify and select a chief executive officer to lead the next phase of expansion of the Wudinna project mineral resource inventory and will provide further updates in due course," company says.
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Equiniti Group PLC, down 3.6% at 124.50p, 12-month range 96p-180.2p. The financial services administration outsourcer swings to pretax loss of GBP6.6 million for 2020, after making a GBP39.8 million profit in 2019. Revenue fell 15% to GBP471.8 million from GBP555.7 million. The company faced a "very challenging environment" in 2020, with clients cancelling dividends and rights issues. Meanwhile, central bank cuts to interest rates cost Equiniti GBP16.9 million in income. Equiniti is also undergoing boardroom changes, announcing on Thursday that Chief Financial Officer John Stier will step down once a replacement is installed. New Chief Executive Paul Lynam started in the role on Thursday, replacing Guy Wakeley.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Galliford Try (GFRD)
Cobra Resource. (COBR)