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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Quadrise PLC, up 5.9% at 1.56 pence, 12-month range 0.65p-3.47p. The London-based clean energy technology provider says it has signed a commercial framework agreement with its client in Morocco, namely the manufacturing and mining group, OCP SA. According to the deal, Quadrise and OCP will start commercial discussions with third parties for MSAR supply to OCP. This is Quadrise’s technology, which produces a low viscosity oil-in-water emulsified synthetic fuel oil or biofuel. The parties also agree to work together on a paid-for commercial trial at OCP’s Jorf Lasfar site.
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Galantas Gold Corp, up 18% at 13.00 pence, 12-month range 7.00p-19.99p. The firm, which is a miner in Northern Ireland and Scotland, sees its shares jump on plans to drill a key target area north of the Omagh mine site in Northern Ireland. The programme comprises three drill holes, which will test the Kearney Vein extension at depths over 200 metres. Chief Executive Officer Mario Stifano says: ‘We’re keen to return to surface drilling this year to test for a northern extension of the main Kearney Vein, and to explore for further dilation zones...In this program, we are aiming to uncover the exciting potential to extend the resource northwards and build on our existing high-grade gold resources.’
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SMALL-CAP - LOSERS
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Landore Resources Ltd, down 23% at 2.40p, 12-month range 1.87p-11.50p. The Ontario, Canada-focused precious and base metal project explorer and developer agrees to extend the next scheduled cash payment of C$262,500, or £150,858.76, and a convertible cash payment of C$525,000 from May 24 to on or before June 28. This agreement refers to its subsidiary, Landore Resources Canada Inc’s, pre-existing option agreement with Storm Exploration Inc. All other details of the option agreement remain the same.
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