SMALL-CAP WINNERS & LOSERS: Critical Mineral Resources hails drilling

Tue, 30th Dec 2025 09:54

(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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Critical Mineral Resources PLC, up 15% at 2.94 pence, 12-month range 1.00p-5.50p. CMR reports "further highly encouraging results" from drilling at Agadir Melloul in Morocco. It notes "excellent near surface copper intercepts" and near surface gold finds. "Assay results to date remain consistent with CMR's exploration target and geological model of shallow copper mineralisation with potential for low capital intensity and attractive operating costs," the firm adds.

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Gulf Marine Services PLC, down 5.5% at 19.79p, 12-month range 14.44p-21.95p. It has secured a two-year contract extension for a mid-size vessel currently operating in the Gulf Cooperation Council region. The GCC comprises Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman. The extension comprises a one-year firm agreement, with the option of another year. "With this extension secured, the company's backlog has increased to USD607 million," the operator of self-propelled self-elevating support vessels for the offshore energy industry says.

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Tullow Oil PLC, up 4.3% at 6.37p, 12-month range 3.51p-25.00p. The stock hit this 12-month low back on November 25, but has since recovered some lost ground, rising around 60% since. It is down around two-thirds over the past 12 months, however. The oil and gas producer in Ghana and the Ivory Coast tanked last month as it reported it was engaging "with bondholders, commodity traders and other private sources" on refinancing its capital structure, including ahead of a bond maturing in May 2026". Given market risks and operational performance, Tullow said it is also exploring "alternative options" with creditors, including amend-and-extend measures and liability management exercises.

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SMALL-CAP - LOSERS

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Ferrexpo PLC, down 2.4% at 74.30p, 12-month range 41.30p-115.00p. Ukraine-Russia peace hope sent the shares 3.4% higher at the start of the week, but it surrenders some ground on Tuesday. Ferrexpo is an iron ore pellet producer in Ukraine. Shares have fallen 28% over the past 12 months, but have surged some 60% over the past six months.

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By Eric Cunha, Alliance News news editor

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