(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
----------
SMALL-CAP - WINNERS
----------
Blencowe Resources PLC, up 9.3% at 6.83 pence, 12-month range 4.5p-9.5p. The natural resources company says that metallurgical test work currently underway at graphite specialist SGS Lakefield is "going according to plan" and results to date confirm "exceptional nature" of end product quality at Orom-Cross. "This is considered critical to the overall project as a high-quality end product provides the basis for more significant offtake interest as well as overall better pricing in the market," Blencowe says.
----------
MJ Gleeson, up 2.3% at 882.79p, 12-month range 512.5p-889.32p. Hits this 12-month high earlier on Monday. The Sheffield-based housebuilder expects its annual results to top market expectations, helped by strong house prices in the UK. It notes buoyant demand in the sector, which has seen a bounce since restrictions eased following the UK's first nationwide lockdown last year. "The strong demand for new homes has led to higher selling prices, which has more than offset recent increases in certain material costs, whilst demand for high-quality consented land from large and medium-sized housebuilders has returned to pre-Covid levels," company says.
----------
SMALL-CAP - LOSERS
----------
Card Factory PLC, down 7.1% at 67.80p, 12-month range 28p-97.83p. Extends losses after closing down 15% on Friday. The greeting cards retailer on Friday reported a marginal drop in like-for-like store sales, compared with the same period in 2019, as non-essential stores reopened across the UK last month. Even so, in-person sales exceeded company expectations since reopening stores progressively across the UK and Ireland from April 12 to May 17, Card Factory said.
----------
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Card Factory (CARD)
MJGleeson (GLE)
Blencowe Resou. (BRES)