(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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Oxford Cannabinoid Technologies Holdings PLC, up 3.2% at 0.80 pence, 12-month range 0.70p-3.43p. The pharmaceutical company developing prescription cannabinoid medicines says it has made progress on current drug development programmes. Says OCT461201 treatment for neuropathic and visceral pain will enter phase I trials in the first quarter of next year, while OCT130401, an inhaled treatment for trigeminal neuralgia, will enter the clinic in fourth quarter of 2022.
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SThree PLC, up 1.8% at 395.00p, 12-month range 312.50p-610.00p. The recruiter raises interim dividend by two thirds after strong results. For six months to May 31, pretax profit was GBP44.3 million, up 60% from GBP27.7 million last year on revenue of GBP772.2 million, up 26% from GBP615.1 million. SThree declares interim dividend of 5.0p, up 67% from 3.0p last year.
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SIG PLC, up 1.0% at 34.13p, 12-month range 28.60p-54.60p. The building products supplier says it it has bought Miers Construction Products Ltd for up to GBP36.5 million. SIG says the acquisition provides a "significant" growth opportunity for the company.
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SMALL-CAP - LOSERS
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Card Factory PLC, down 0.8% at 51.60p, 12-month range 38.60p-67.40p. The greeting card retailer says Chief Financial Officer Kris Lee will step down following a "transition period". Lee joined the Wakefield, England-based greeting card and gift retailer as CFO back in July 2017. Card Factory has commenced the search process for Lee's successor. It explained that he will remain in the role for the transition period, working with the company to assist in this process and help ensure an orderly succession. Lee's notice period will expire on April 22 next year.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Card Factory (CARD)
SIG (SHI)
SThree (STEM)
Oxford Cann (OCTP)