SMALL-CAP WINNERS & LOSERS: Porvair predicts annual profit beat

Tue, 10th Dec 2024 10:27

(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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Castillo Copper Ltd, up 4.6% at 0.58 pence, 12-month range 0.20p-0.61p. The company signs a deal with New Resolution Geophysics for a radiometric and magnetic survey over the Harts Range project in Australia. "The Harts Range project is highly prospective for uranium, niobium, and heavy rare earth mineralisation. This advanced airborne survey aims to accelerate exploration over untested areas of the project and uncover potential extensions to known mineralisation," Castillo says. The copper exploration company, with projects in Australia and Zambia, says the survey is to be completed next month.

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Porvair PLC, up 1.3% at 664.49p, 12-month range 592.00p-745.70p. The environmental and specialist filtration technology company expects revenue growth of around 9% for the year ended November 30, with "adjusted earnings per share marginally ahead of market expectations". Porvair achieved revenue of GBP176.6 million in financial 2023 and adjusted basic EPS of 37.2p.

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SMALL-CAP - LOSERS

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Ferrexpo PLC, down 3.8% at 109.15p, 12-month range 38.15p-124.00p. Shares in the company surrender some ground after spiking to this 12-month high on Monday. Shares in the iron ore pellets producer, which operates in Ukraine, still closed down 4.7% at the start of the week, despite hitting the one-year-high in earlier trade. The stock is up some 80% since the US presidential election, which saw Donald Trump succeed in his bid to regain the White House. Trump on Sunday said Ukrainian President Volodymyr Zelensky is keen on a "deal" to end the war with Russia, after the pair met in Paris to discuss the future of the conflict, AFP reported.

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By Eric Cunha, Alliance News news editor

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