The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Chrysalis Investments Ltd, up 4.3% at 80.60 pence, 12-month range 52.38p-95.30p. Chrysalis, which invests in public and private companies, says its investment adviser has been in discussions with the management and other shareholders of portfolio company wefox for a number of months. ‘A plan has been put in place to simplify wefox’s business model to drive the company towards profitability. Following these conversations, the investment adviser believes there is a route to ensuring a successful outcome for wefox and Chrysalis’s investment,’ it says. Chrysalis says it invested €3 million as part of a overall €20 million fundraise by wefox in recent weeks. It notes it reduced the value of its wefox holding as of March 31, and wefox now accounts for 14.4% of net asset value, down from 22.1% at the end of December.
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SMALL-CAP - LOSERS
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Petra Diamonds Ltd, down 4.4% at 41.10p, 12-month range 35.13p-77.10p. The diamond mining group sees its shares fall, after a poor start to 2024. In the year-to-date, the stock is down 38%. Back in February, Petra reported a swing to loss in the first half of its financial year, as revenue fell 9.9%.
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