(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Avation PLC, up 3.2% at 80.00 pence, 12-month range 60.66p-115.00p. The aircraft leasing company agrees a 44-month lease term extension on an Airbus A320-200 aircraft operated by easyJet PLC, with the expiry date for the lease extended to October 2026 from March 2023.
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Nanoco Group PLC, up 1.3% at 39.00 pence, 12-month range 16.05p-42.13p. The nanomaterials company expects revenue for 2022 to be ahead of its previous expectations after it secured a new contract with an existing European electronics customer. Nanoco also proposes to raise GBP2.3 million to provide cash to the business via a placing and subscription for 6.1 million shares at a price of 37.00p each.
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SMALL-CAP - LOSERS
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Kanabo Group PLC, down 2.4% at 3.90p, 12-month range 3.53p-26.00p. The medicinal cannabis company posts widened pretax loss for 2021 after booking higher costs. For 2021, pretax loss widens to GBP4.6 million from GBP591,000 in 2020. Kanabo says this was mostly due to the exceptional reverse-acquisition costs of Kanabo Research Ltd.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Nanoco (NANO)
Avation (AVAP)