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The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. ---------- SMALL-CAP - WINNERS ---------- Resolute Mining Ltd, up 5.9% at 31.35 pence, 12-month range 16.90p-46.00p. Berenberg raises its price target for the Africa-focused gold miner to 45 pence from 41p, with a ’buy’ rating. On Tuesday, Bank of America upped its stake in Resolute Mining to 7.25% from its prior 0.90% holding. The bank had cut its initial 9.68% stake down to 0.90% on Wednesday last week. Resolute Mining in mid-June announced it had appointed Gavin Harris as chief operating officer, which became effective from the start of July. Harris has worked on development projects and producing operations at Barrick Gold Corp, BHP Group Ltd and Teranga Gold Corp. His most recent role was as general manager at the Sukari gold mine in Egypt for Centamin PLC, which was acquired by AngloGold Ashanti PLC late last year. ---------- SMALL-CAP - LOSERS ---------- Kenmare Resources PLC, down 1.9% at 332.50p, 12-month range 263.19-450.00p. Berenberg cuts the price target for the Mozambique-focused producer of titanium minerals and zircon to 370 pence from 390p, with a ’hold’ rating. Kenmare in mid-June terminated talks with Oryx Global Partners and Michael Carvill for a potential takeover of the company, as Kenmare says ‘it was made clear by the consortium that it would only be willing to proceed with an offer at pricing substantially below the initial proposal’. The consortium said at the time: ‘Following a comprehensive due diligence process and after accounting for its findings, the consortium was unable to reach alignment with Kenmare on its updated valuation and as a result the consortium has ceased engagement.’ ---------- Yellow Cake PLC, down 1.6% at 514.67p, 12-month range 359.00p-622.79p. Berenberg cuts the price target for the Jersey, Channel Islands-based uranium mining company to 682 pence from 708p, and maintains its ’buy’ rating. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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