{"id":141315,"title":"Share Talk Weekly Small Cap Movers & Shakers, Saturday 3rd October 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-10-03T11:26:41+00:00","modified":"2026-10-03T11:26:41+00:00","canonical_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-october-2026/","markdown_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-october-2026.md","json_url":"https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-october-2026.json","category":"Blogs","categories":["Blogs","Small Cap Review"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/8b1e987c-6337-4c70-bd6c-0af739bf0734.png?fit=1725%2C912&ssl=1","format":"news","language":"en-GB","content":"**The FTSE 100 closed 33.7 points, or 0.3%, higher at 10,461.95 on Friday, **but still recorded its biggest weekly decline since mid-April.\n\nFor the week, London’s blue-chip index fell **2.2%**, following Thursday’s 1.7% sell-off as turmoil in global bond markets pushed borrowing costs sharply higher. The **FTSE 250 ended at 24,194.24**, also finishing the week marginally lower.\n\nThe **AIM All-Share gained 0.5% over the week**, stemming several weeks of selling and providing a stronger start to the new quarter.\n\n[!\\[\\](https://www.share-talk.com/wp-content/uploads/2026/09/Multi-company-230926-300x169.png)](https://www.share-talk.com/from-promise-to-proof-four-london-small-caps-facing-their-next-real-test-2/)\n\n[From Promise to Proof: Four London Small Caps Facing Their Next Real Test](https://www.share-talk.com/from-promise-to-proof-four-london-small-caps-facing-their-next-real-test-2/)\n\nThe most dramatic move came from **Ethernity Networks Ltd (AIM: ENET)**, which surged **217%** during the week. Shares briefly reached **0.0046p on Friday** before falling back towards the price at which a very large tranche of warrants can be exercised.\n\nEthernity has **14.9 billion warrants exercisable at 0.004p**, creating a potential overhang because holders can exercise and sell once the market price is above that level.\n\nFull exercise would generate approximately **£597,500 for the company**, potentially providing important additional liquidity given that Ethernity reported only around **£25,000 of cash at the end of June**.\n\n**MicroSalt PLC (AIM: SALT) rose 39%** after the low-sodium salt company said it remained confident of achieving **$15 million of sales in 2027**. The company said advanced discussions with large food manufacturers could contribute a further **$3.1 million of revenue this year**, potentially lifting full-year sales to $4.5 million. First-half revenue reached a record **$1.4 million, up 67%**.\n\n**Nativo Resources PLC (AIM: NTVO)** gained **37%** after securing a three-month repayment holiday on its **£2.1 million unsecured loan**, providing short-term balance-sheet relief.\n\n**Bezant Resources (AIM: BZT) shares jumped 18.2%** to 0.1625p after the **company commenced production **of commercial copper concentrate from the Hope & Gorob mine at the Tsoaxaub Metals flotation plant. Production is now expected to ramp up, with plant throughput targeted at around **9,000 tonnes during October**.\n\nConstruction of both the mine and processing plant was completed **ahead of schedule**, while Bezant has already begun planning a **Phase II expansion involving an additional processing plant**. Further drilling is also planned as the company looks to expand the project and support higher production levels.\n\n**Tooru (AIM: TOO) shares rebounded 10.3% to 0.16p** after the company said its **OAF gluten-free brand had secured new listings in Tesco and Asda**. Two new OAF products are expected to launch across approximately **400 stores in January**, materially increasing the brand’s retail exposure.\n\nThe move provides another distribution boost for OAF and gives investors a clearer route to potential revenue growth from the brand during 2027. The next important measure will be whether the enlarged store footprint translates into **strong sell-through, repeat orders and a meaningful increase in group revenue**.\n\n### Fallers\n\nAt the other end of the market, **Litigation Capital Management Ltd (AIM: LIT) plunged 75%** after announcing plans to wind down the business. A strategic review failed to produce an acceptable transaction, meaning the litigation funder will make no new investments and will instead use proceeds from existing cases to repay lender **Northleaf**. That leaves the lender ahead of shareholders in the capital structure and significantly reduces the residual-value proposition for equity investors.\n\n**Metir PLC (AIM: MET) fell 50%** following its interim results. The most significant disclosure came from the going-concern section, where management said a fundraising **“remains an acute priority”** and warned that failure to secure new capital could lead to an **insolvency process**.\n\n**TomCo Energy PLC (AIM: TOM)** dropped **35%** after issuing discounted new shares to raise **£700,000**. The company plans to use the proceeds to advance its Utah operations, but the immediate impact for existing investors is dilution from the new equity issuance.\n\n**Checkit PLC (AIM: CKT)** fell **28%** after ending its formal sale process without finding a buyer prepared to meet the board’s valuation expectations. The company, which provides software and sensor systems used to digitise workplace checks and compliance processes, had put itself up for sale in March.\n\n**Sovereign Metals (AIM: SVML) shares dipped 2.73% to 26.75p **after Dr Julian Stephens resigned as a non-executive director. Stephens previously served as **managing director until October 2023** and will continue to provide consulting services to the company following his departure from the board.\n\nThe change therefore represents a reduction in his formal governance role rather than a complete break with the business. For investors, the key point is that Sovereign will retain access to Stephens’ experience through consultancy arrangements, while the company adjusts its board structure following his resignation.\n\n**Nativo Resources (LON: NTVO) shares fell 2.13% to 0.46p** despite securing a three-month repayment holiday under its unsecured loan agreement with **YA II PN**. The original facility was **£2.1 million**, with **£1.68 million currently outstanding**.\n\nThe temporary repayment pause is intended to give Nativo additional financial flexibility to invest in the **Phase 1 La Patona gold ore processing plant**.\n\nFor investors, the repayment holiday provides short-term breathing room and allows more capital to be directed towards project development. However, the underlying **£1.68 million debt remains outstanding**, meaning the key issue will be whether investment in La Patona can translate into sufficient operational progress and cash generation before repayments resume.\n\n**Investor takeaway: ***The AIM All-Share rose 0.5% over the week, interrupting a run of declines and outperforming the FTSE 100, which was down around 1.9% at the time referenced. Beneath the index move, trading remained highly stock-specific, with Ethernity Networks up 217% while Litigation Capital Management collapsed 75%.*"}