SMALL-CAP WINNERS & LOSERS: Argo Blockchain down as Musk hits bitcoin

(Alliance News) - The following stocks are the leading risers and fallers among London Main ...

Alliance News 17 May, 2021 | 11:01AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

----------

SMALL-CAP - WINNERS

----------

Caerus Mineral Resources PLC, up 6.9% at 26.20 pence, 12-month range 10.00p-29.92p. The exploration & resource development company says it has completed 24 of a planned 39 drill holes at its North Mathiatis copper-bearing waste stockpiles in Cyprus. Full completion of the programme expected by the end of May.

----------

Zoetic International PLC, up 3.8% at 65.90p, 12-month range 4.49p-109.70p. The cannabidiol products company says it receives orders for its Chill brand products totalling USD340,000 in April. Following receipt of the orders, says it is trading profitably.

----------

SMALL-CAP - LOSERS

----------

Argo Blockchain PLC, down 6.8% at 137.99p, 12-month range 8.00p-352.00p. The cryptocurrency miner was lower after bitcoin fell to USD42,185 briefly, its lowest since February. Elon Musk on Sunday appeared to suggest his Tesla carmaker may sell - or already had sold - its holdings in the cryptocurrency. Musk later clarified his position, tweeting: "To clarify speculation, Tesla has not sold any Bitcoin". Musk already had hammered the digital currency last week when he said Tesla will stop accepting bitcoin as payment for its cars because of environmental concerns.

----------

Hollywood Bowl Group PLC, down 0.5% at 235.26p, 12-month range 116.00p-261.50p. The tenpin bowling centre operator says interim results badly hurt by lockdown restrictions. For six months to March 31, swings to pretax loss GBP14.5 million, from restated GBP15.2 million profit last year on revenue of GBP12.0 million, down from GBP69.2 million. Pays no interim dividend due to Covid-19 related debt terms. However, Hollywood Bowl says pre-bookings for May give it confidence it will quickly return to its pre-pandemic financial performance.

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Caerus Mineral Resources PLC 25.00 GBX 11.11 -
Hollywood Bowl Group PLC 225.00 GBX 0.00 -
Argo Blockchain PLC 130.00 GBX -2.26 -
Zoetic International PLC 53.50 GBX 6.79 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement