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SMALL-CAP WINNERS & LOSERS: Neo Energy restores trading, eyes Beisa

ALN

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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Resolute Mining Ltd, up 6.5% at 57 pence, 12-month range 17.25p-58p. The Africa-focused gold miner rises after Berenberg raises its price target to 74p from 64p and reiterates a ’buy’ rating.

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Valterra Platinum Ltd, up 6.4% at 6,130p, 12-month range 2,680p-6,130p. The Rosebank, Johannesburg-based miner, formerly known as Anglo American Platinum Ltd, rises after Berenberg lifts its price target to 4,600p from 3,200p, while reiterating a ’sell’ recommendation.

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SMALL-CAP - LOSERS

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Neo Energy Metals PLC, down 4.4% at 0.65p, 12-month range 0.65p-1.05p. Trading of shares in London is restored following publication of delayed accounts. The uranium and gold projects in South Africa says it is confident it can complete the acquisition of the Beisa uranium and gold mine from Sibanye-Stillwater in the first quarter of 2026 and deliver on its funding strategy through 2026 and 2027. The company says immediate working capital needs are met through an undrawn £1.5 million revolving loan facility and confirms it is in advanced talks for up to £3 million via a convertible note, followed by a potential £5 million equity subscription.

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