Small cap shares were doing a tad better than bigger brother FTSE100 on Thursday, with Fastnet Equity (LON:FAST) among notable gainers.
Shares rose almost 8% to 3.075p as it revealed that Amryt Pharmaceuticals - a drug company - which importantly, has a product already out on the market, looks set to make its AIM debut by reversing into it (Fastnet Equity).
Amryt Pharmaceuticals will join the London market in a deal that values it at £29.6mln.
In the markets, FTSE AIM 100 added 0.08% to stand at 3,332, but FTSE AIM All share was unchanged at 709.730.
The FTSE100 was, meanwhile, down 29 points at 6,174 with education publisher Pearson (LON:PSON) the biggest laggard, down 2.82% at 880p.
The big riser was TUI Group (LON:TUI), which added 5.16% to 1,081p as a trading statement from the holiday giant cheered the market.
Also today, Nanoco Group PLC (LON: NANO) saw shares drop over 10% to 41.25p as the maker of chemical materials used lighting, told investors it would receive reduced royalty payments following a modification to a license agreement with Dow Chemical Co.
Small mining stocks were in focus.
Ferrum Crescent Ltd (LON:FCR) was the runaway star in London, adding over 181% to 0.31p a pop as it said it had reinvented itself to focus on generating value from its principal iron ore project in northern South Africa and made director changes.
Elsewhere, IronRidge Resources Ltd shares added over 15% to 4.625p and was among the top small cap gainers as it revealed the appointment of a new non-exec director.
Greatland Gold (LON:GGP) was also up over 23% to 0.11p and another explorer Ortac Resources (LON:OTC) added 13.64% to 0.03p.