(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Kavango Resources PLC, up 9.8% at 5.60p, 12-month range 2.4p-6.5p. The exploration company reports completion of hole KSZDD001 in Kalahari Suture Zone project. "Copper sulphide mineralisation and locally abundant fine grained, interstitial magnetite were encountered from first contact with the Proterozoic gabbro, at 951 metres to the end of hole at 1,000 meters," it says. Confirms presence of fine-grained, interstitial disseminated chalcopyrite and "abundant magnetite" through sections of the 49m of recovered Proterozoic core.
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Palace Capital PLC, up 3.6% at 256.00 pence, 12-month range 189p-280.57p. The property investment firm reports pretax profit of GBP8.0 million for half-year to September 30, swinging from loss of GBP7.2 million a year ago. "We are seeing more inspections of our vacant space, increasing interest in the office investment market and in future office development, and are therefore confident in office space continuing to be in demand," it says.
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Georgia Capital PLC, up 2.9% at 643.00p, 12-month range 443p-729p. Reports net asset value per share of GEL59.77 - around GBP14.11 - as at end of September, improved from GEL54.48 at June-end. "NAV per share growth in 3Q21 was outstanding and resulted mainly from GEL245 million in value creation across our portfolio, with a 9.6 percentage points impact on the NAV per share," the Tbilisi-based investor says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Palace Capital (PCA)
Georgia Capital (CGEO)
Kavango Resources (KAV)