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The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. ---------- SMALL-CAP - WINNERS ---------- Amala Foods PLC, up 31% at 0.12 pence, 12-month range 0.13p-0.07p. The cash shell appoints Simon Grant-Rennick to the board as an executive director with immediate effect. Amala says Grant-Rennick has managed mining companies in Uganda and in Malawi, metal trading businesses in Bermuda and in the UK, and was a co-founder of Industrial Mineral Finance House which provides consultancy services covering the industrial minerals’ sector. The firm says it has been making progress towards identifying a transaction which may lead to a reverse takeover, and will update the market in due course. ---------- Baker Steel Resources Trust Ltd, up 8.3% at 89.90p, 12-month range 91.85p-43.00p. The investor in mining companies says its net asset value per share is 136.0p at the end of December, up 18% from the end of November. The NAV per share is up 52% during 2025 to a total of £144.7 million. The firm says key contributors in December were the 83% share price increase in Silver X and the 55% rise in the value of the Bilboes royalty, as part of Baker Steel’s review of the carrying values of its unlisted holdings. ‘We are pleased to announce such a meaningful increase in our NAV over the year ending December 2025, reflecting an improvement across the range of our investments. An additional positive outcome has been a better balance in the portfolio spread at year-end,’ says Chair Fiona Perrott-Humphrey. ---------- SMALL-CAP - LOSERS ---------- Ferro-Alloy Resources Ltd, down 5.9% at 8.17p, 12-month range 15.00p-4.80p. The vanadium producer, developing the Balasausqandiq vanadium deposit in southern Kazakhstan, enters a non-binding, non-exclusive memorandum of understanding for the supply of up to 360,000 tonnes of carbon black substitute per year to Qingdao Master Tyre Co Ltd. Master Tyre plans to use the material for its own production and for sale to other tyre and rubber manufacturers in China. The new carbon black substitute product will be produced from high carbon, low vanadium waste rock. ‘Master Tyre’s innovative approach to tyre manufacturing and [research & development] capability will maximise the environmental and cost benefits of using our latest CBS product and will develop significant technical knowledge in optimising its use in rubber manufacturing,’ says Ferro-Alloy Resources Chief Executive Officer Nick Bridgen. ---------- Anglesey Mining PLC, down 4.3% at 0.57p, 12-month range 1.20p-0.20p. The mining company with operations in Wales, Sweden and Canada proposes a capital reorganisation in a bid to raise additional funds. It says the issued share value of the company will be consolidated and subdivided so that every ten existing shares will result in one new ordinary share and one deferred C share. ‘As previously noted by the board, the continued progress of the company’s activities, namely its objective of developing the 100% owned Parys Mountain project, will remain largely contingent on its ability to raise further funds and the board will continue to explore options in this regard,’ it says. Anglesey Mining adds that it believes the capital reorganisation will have a positive impact on liquidity, by reducing the number of ordinary shares in issue and raising the resulting trading price per share. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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