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The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. ---------- SMALL-CAP - WINNERS ---------- Tullow Oil PLC, up 10% at 11.20 pence, 12-month range 9.01p-27.98p. The oil and gas producer in Ghana and the Ivory Coast names Ian Perks as its new chief executive officer, to join the board on September 15. Current chief financial officer and interim CEO Richard Miller will return to his role as CFO. Perks has 30 years of experience in the upstream oil and gas sector. He was previously the senior vice president for Mozambique liquified natural gas at Anadarko Petroleum Corp and later TotalEnergies SE. He also led divisions of BG Group PLC, and was the president of BG Tunisia. ‘My near term priority will be to work with Richard, the Tullow team and our stakeholders to put the company on a long-term sustainable financial footing,’ says incoming CEO Perks. ‘We will then have an opportunity to grow the company across Africa, leveraging our current assets and reputation on the continent of Africa to add value for our stakeholders.’ ---------- Metals One PLC, up 7.5% at 4.26p, 12-month range 1.76p-55.00p. The metals exploration and development company acquires a strategic stake in Evolution Energy Minerals Ltd, which owns the Chilalo graphite project in Tanzania. Metals One buys 37.9 million Evolution shares from Marvel Gold Ltd at 1.10 Australian cents each, for a total consideration of A$416,900 and an initial 10.45% stake in Evolution. Metals One will underwrite a portion of Evolution’s rights issue at 1 cent per share for up to A$530,000 of the total A$1.5 million rights issue. Following both the underwriting and the share purchase, Metals One will hold up to around a 17.4% interest in Evolution. ‘The Chilalo project has robust economics, binding offtake agreements with tier-one partners, and sits within a rapidly tightening global graphite supply chain,’ says Metals One Chief Executive Officer Jonathan Owen. ‘We believe Chilalo has multi-decade mine life potential with scope to expand resources through near-surface discoveries...We are pleased to create exposure for our investors to this opportunity and look forward to value accretion as the project advances towards financing and construction.’ ---------- SMALL-CAP - LOSERS ---------- Gem Diamonds Ltd, down 12% at 3.00p, 12-month range 3.00p-13.84p. The Lesotho-focused diamond miner on Thursday reported it has ‘not been immune to the sustained pressure on rough diamond prices’, as it swings to a pretax loss of $20.0 million in the six months to June 30, from $10.5 million profit a year prior. Revenue declines 42% to $45.4 million from $78.0 million. The firm says: ‘Diamonds has implemented decisive measures to conserve cash and protect shareholder value in response to the prolonged weakness in global diamond prices, compounded by a weak US dollar and ongoing US tariff uncertainties. While the company has met its production targets in H1 2025, it has not been immune to the sustained pressure on rough diamond prices. Key short-term cashflow optimisation measures implemented include the short-term reduction of waste and access to additional Satellite Pipe ore to be treated, workforce rationalisation due to the scaled-back activities and a reduction in corporate costs.’ The stock closed around 40% lower on Thursday. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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