The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Contango Holdings PLC, up 8.0% at 1.35 pence, 12-month range 0.88p-2.90p. The firm has received the first royalty payment of $200,000 as part of an agreement with Huo Investments Pvt Ltd. The coal producer, focused on the Muchesu project in Zimbabwe, expects to receive a further $800,000 this month. A further minimum $1.0 million royalty payment is expected around the end of the first-quarter. ‘Thereafter additional royalty payments to the company will be in line with operational productivity at Muchesu,’ it adds.
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Digital 9 Infrastructure PLC, up 3.7% at 19.60p, 12-month range 14.50p-33.31p. Shares build on gains made at the end of 2024. On Tuesday, it entered into a deal to exit the EMIC-1 intercontinental subsea cable system for $42 million. The sum is a 15% discount to the June 30 valuation of $49.6 million, the investor in internet infrastructure, such as data centres and subsea fibre, said.
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SMALL-CAP - LOSERS
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Ultimate Products PLC, down 3.6% at 116.62p, 12-month range 107.50p-185.50p. Shares in the owner of homeware brands go ex-dividend on Thursday, meaning new buyers do not qualify for the latest payout.
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