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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Zenith Energy Ltd, up 1.9% at 0.82p, 12-month range 0.78p-1.33p. Fully repays unsecured convertible loan facility with a consortium of lenders worth £647,500. Chief Financial Officer Luca Benedetto says: ‘Our significantly increased revenue generation and associated profitability has enabled the company to progressively reduce its exposure to debt and improve its balance sheet. We shall look to continue this exercise as we generate additional financial resources by maximising our energy production activities across the portfolio.’
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SMALL-CAP - LOSERS
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Avation PLC, down 3.3% at 88.00p, 12-month range 84.00p-124.00p. Says now only has three unutilised aircraft remaining from the 20 aircraft returned or repossessed during the pandemic. During analyst call on Thursday, announces three letter of intents signed encompassing 4 ATR 72-600 aircraft.
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Gore Street Energy Storage Fund PLC, down 2.6% at 114.49p, 12-month range 102.50p-118.00p. Completes acquisition of a 90% stake in a 28 megawatt hour operational energy storage asset based in Cremzow, Germany. ‘The acquisition of an asset in mainland Europe signifies an exciting opportunity for Gore Street, as it diversifies its exposure to new revenue streams across the inter connected European grid network,’ company says. Notes this deal is first step in strategy to diversify beyond the UK and Irish markets. Following the deal, the company’s operating assets will have increased to 232 MW, and total portfolio assets under management increased to 629 MW.
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