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Sig PLC (SHI)
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SMALL-CAP WINNERS & LOSERS: Georgina Energy asset timeline "shifted"
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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ProCook Group PLC, up 3.9% at 41.55 pence, 12-month range 16.62p-44.00p. Shares in the pots and pans seller return to the green after declining 5.9% on Thursday. That decline followed a 10% rise on Wednesday following a well-received trading statement.
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SIG PLC, up 0.9% at 15.04 pence, 12-month range 14.83p-34.05p. Shares in the building materials firm stem a recent decline. They fell 4.2% on Wednesday before losing another 2.0% on Thursday. SIG on Thursday said like-for-like sales weakened in 2024 amid a "challenging" backdrop.
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SMALL-CAP - LOSERS
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Georgina Energy PLC, down 17% at 7.08p, 12-month range 6.50p-19.40p. The onshore helium, hydrogen and hydrocarbon prospects company reports "unforeseen weather and revisions of the environmental impact report" at an asset in Australia. These have "shifted our timeline", Chief Executive Officer Anthony Hamilton says. An expansion at EP513 Hussar means it must submit a revised environmental impact report to the Department of Energy, Mines, Industry Regulation & Safety of Western Australia. "This expanded EIR requires an additional site visit, which remains dependent on safe access amid ongoing adverse weather conditions. The completion of the expanded EIR and subsequent submission of the permit application to DEMIRS is now expected to take approximately 60 days. Once the EIR and heritage report are filed with the DEMIRS the application will be considered complete," it adds.
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By Eric Cunha, Alliance News news editor
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