The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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MetalNRG PLC, up 9.6% at 0.18 pence, 12-month range 0.13p-0.70p. The natural resources investor says a Scottish court has denied all applications made by former director Pierpoalo Rocco pertaining to a termination payment and payment of his legal expenses in the action brought against him by MetalNRG. However, court denied all the applications made by Rocco, who has now brought a separate claim in the Scottish Employment Tribunal for wrongful and unfair dismissal. Company will ‘vigorously defend this action when it is heard’, it adds.
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Nanoco Group PLC, up 9.0% at 45.20p, 12-month range 16.05p-45.90p. Shares in nanomaterial developer hit 12-month high after it says fundraise launched earlier this week was ‘very significantly over-subscribed’. Nanoco will announce the final detailed results of the fundraise later on Wednesday. On Monday, it said it planned to raise £2.3 million in placing and subscription of 6.1 million shares at 37.00p each.
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SMALL-CAP - LOSERS
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Integrated Diagnostics Holdings PLC, down 1.5% at $1.00, 12-month range $0.91-$1.45. The consumer healthcare firm posts drop in first-quarter profit. For three months to March 31, generates revenue of EGP1.2 billion, around £51.2 million, up from EGP1.1 billion in the first quarter last year, but pretax profit falls to EGP471.3 million from EGP522.3 million.
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