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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Cel AI PLC, up 50% at 0.090 pence, 12-month range 0.030p-0.80p. The company, which recently exited the skincare sector, says it looks forward to an ‘improvement and growth in performance in the year ahead’. The firm now has a cryptocurrency focus. ‘The board retain a positive outlook regarding the crypto sector up to the medium time frame and as such are confident to retain its position in the [solana] token for the time being,’ Cel AI adds. For the year to August 31, it reports a pretax loss of £1.8 million, narrowing from £3.3 million. Revenue amounts to £17,942, compared to £67,236.
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Vp PLC, up 4.6% at 575.00p, 12-month range 500.00p-745.00p. Shares in the equipment rental firm rise on Monday but remain down around 9.8% so far in 2024.
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SMALL-CAP - LOSERS
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NARF Industries PLC, down 7.5% at 0.56p, 12-month range 0.55p-1.70p.The cybersecurity firm reports a decline in half-year earnings as it grappled with ‘temporary US government budget delays’. NARF’s pretax loss in the half-year to September 30 stretches to $1.9 million from $1.0 million a year earlier. Revenue amounts to $1.2 million, a 62% slump from $3.1 million. ‘The company experienced a decline in revenues, reflecting temporary US government budget delays and a strategic focus on accelerating the development and commercialisation of the innovative SocialCyber platform,’ it says.
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