US share markets weakened overnight as negotiations to avert another government shutdown abruptly fell apart over the weekend, Commsec says.

Investors are also awaiting data on inflation later in the week, and news on crucial US-China trade talks.

In contrast, Australian markets (which have a tendency to follow the US up or down) have opened strongly.

The ASX Small Ords – the benchmark for small cap stocks – was up 0.41 per cent to 2681.4 by midday.

Lookin’ good.

The Small Ords Index was up in morning trade.
The Small Ords Index was up in morning trade.

Here are the key ASX small cap winners and losers at lunch Thursday February 7:

WINNERS

Emerge Gaming (ASX:EM1) was up 57 per cent before being placed in a trading halt pending an announcement “clarifying a media article in relation to the company”.

Small cap explorer High Grade Metals (ASX:HGM) has lost its chief exec and managing director – and the market loves it, sending the stock up over 22 per cent.

And Red Sky Energy (ASX:ROG), which is looking acquire Beach Energy’s interests in the Innamincka Dome oil & gas project, was up 100 per cent on no news.

Here are the best performing ASX small cap stocks at 12pm Tuesday, February 12.

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ASX Code Name Intraday Price Change Price 12:15pm (EST) Volume
ROG Red Sky Energy +66.67% 0.0025 9.7M
EM1 Emerge Gaming +57.14% 0.01 49.3M
LKO Lakes Oil NL +50.00% 0.0015 1.1M
LRS Latin Resources +50.00% 0.003 250k
VAL Valor Resources +50.00% 0.003 550k
MHC Manhattan Corp +33.33% 0.004 33.3k
EMP Emperor Energy +25.00% 0.0025 1.5M
TSC Twenty Seven Co +25.00% 0.005 250k
BDC Bardoc Gold +23.81% 0.05 1.1M
HGM High Grade Metals +22.22% 0.01 829.5k
AUT Auteco Minerals +20.00% 0.01 250k
LNY Laneway Resources +20.00% 0.01 2.7M
MTH Mithril Resources +20.00% 0.01 660k
PCK Painchek +18.75% 0.04 1.2M
SIS Simble Solutions +17.24% 0.07 4k
RCP Redbank Copper +17.07% 0.05 50k
ANL Amani Gold +16.67% 0.0035 5.5M
LML Lincoln Minerals +16.67% 0.01 100k
OOK Ookami +16.67% 0.03 24.6M
TOM Tomizone +16.67% 0.01 74.9k
TV2 TV2U International +16.67% 0.01 17k
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LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday, February 12.

Bougainville Copper (ASX:BOC)  reported some jurisdictional dramas in the Solomon Island province yesterday, and its stock has fallen 12 per cent in response.

Siburan Resources (ASX:SBU) and Arc Exploration (ASX:ARX) were also down 50 per cent and 16 per cent respectively on no news.

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ASX Code Name Intraday Price Change Price 12:15pm (EST) Volume
SBU Siburan Resources -50.00% 0.002 2.0M
AIB Aurora Global Income Trust -25.00% 0.1 5.3k
PPL Pureprofile -20.75% 0.04 397.2k
SRN Surefire Resources NL -16.67% 0.005 1.0M
ARX Arc Exploration -15.79% 0.16 16.0k
PSA Petsec Energy -15.00% 0.09 34.4k
POH Phosphagenics -12.50% 0.0035 206.3k
BOC Bougainville Copper -12.50% 0.14 100.0k
CRS Caprice Resources -12.12% 0.14 2.8k
ELK Elk Petroleum -11.54% 0.02 2.6M
NWF Newfield Resources -11.11% 0.16 394
OKR Okapi Resources -11.11% 0.2 1.5k
GMC Gulf Manganese Corp -11.11% 0.01 28.5k
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