The FTSE Small Cap index closes 0.4 percent higher, against a 0.7 percent rise on the FTSE 100 and a 0.9 percent increase on the mid caps .
Ironveld gains 10.5 percent, helped by a positive note from Shore Capital.
"Investing in junior explorer-developers is by nature relatively high risk. However .. we believe that Ironveld offers a more robust and lower-risk investment with the potential for better returns than typical of peers," the broker says in a note.
Oil rig maker Lamprell gains 5.5 percent, reacting to the top management changes on Thursday. Its shares slumped 36 percent on Wednesday after the company issued its fourth profit warning since the spring on continued contract delivery issues, prompting its new chairman to introduce leadership changes.
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