Hot small caps: 32Red jumps on solid results

LONDON (Reuters) - Following is a round-up of key small cap movers on the London stock market on Tuesday.

----------------------------------------------------------------------------

Shares in 32Red (TTRL.L) accelerate 5.8 percent to 27.5 pence after the online gaming group posts first-half pretax profit of 1.5 million pounds -- 23 percent higher than in the same period last year -- and says full-year prospects are encouraging.

(The results) "clearly demonstrate that the group's renewed focus is working and builds on the trading turnaround seen in Q4 2007," says Numis analyst Richard Carter, who expects to see a "renewed recovery in trading" in the near-term.

09:46GMT 26Aug 2008-African Eagle up on positive Tanzania results

----------------------------------------------------------------------------

Shares in African Eagle Resources (AFE.L) bounce 7 percent to 3.97 pence after it says it has received promising nickel assay results from seven of the ten drilling holes at its Dutwa gold and base metals projects in Tanzania.

"African Eagle has received some nickel assay results from its Dutwa project, the second most advanced project in (its) Tanzanian portfolio," Seymour Pierce analyst Asa Bridle says. "The drillhole results have confirmed shallow mineralisation over a 2 km strike. The best results received include 12m at 2.52% nickel and 21m at 1.33% nickel."

07:50GMT 26Aug 2008-Axon shares jump after agreeing bid from Infosys