Markets took on a more subdued note in the run-in to Christmas this morning, after more falls on Wall Street.

Once again the losses were felt more keenly at the small end, with the ASX200 trading close to flat while the Small Ordinaries Index fell more than one per cent.

Iron ore finally came off the boil, with spot prices falling by 3.6 per cent overnight to $US154.37 a tonne.

The US session was punctuated by political developments, as a number of key battleground states confirmed the election results to formally recognise Joe Biden as President-elect.

Also overnight, the first three million doses of the Pfizer-BioNTech COVID-19 vaccine began making their way across the US.

It marks the commencement of a long and complex logistics campaign to deploy the vaccine where it’s needed most as the country’s coronavirus death toll nears 300,000.

After two days of falls, US stock stock futures are pointing slightly higher with the S&P500 up 0.25 per cent.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday December 15:

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Code Name Price % Change Volume Market Cap
AKO Akora Resources 0.46 84 2,561,209 $ 12,386,284.75
CLZ Classic Min Ltd 0.0015 50 15,075,000 $ 15,268,268.31
LCY Legacy Iron Ore 0.022 38 69,391,589 $ 99,955,816.27
CCE Carnegie Cln Energy 0.002 33 5,093,666 $ 16,994,678.67
ARO Astro Resources NL 0.005 25 2,100,000 $ 11,982,772.05
NWE Norwest Energy NL 0.005 25 1,000,000 $ 18,937,868.30
EMH European Metals Hldg 0.96 23 399,819 $ 91,219,515.66
TMH The Market Herald 0.32 23 8,632 $ 49,339,768.14
AKM Aspire Mining Ltd 0.088 22 1,055,723 $ 36,549,862.92
WSI Weststar Industrial 0.028 22 47,713,138 $ 22,400,540.63
KTE K2 Energy Ltd 0.023 21 6,336,646 $ 5,712,485.87
MRD Mount Ridley Mines 0.003 20 3,333,333 $ 8,588,032.61
DCX Discovex Res Ltd 0.007 17 1,982,864 $ 7,176,984.46
PNX PNX Metals Limited 0.007 17 6,277,856 $ 17,525,728.85
EPM Eclipse Metals 0.016 14 7,025,575 $ 19,804,729.43
IDZ Indoor Skydive Aust 0.016 14 157,000 $ 4,713,801.39
IEC Intra Energy Corp 0.008 14 184,923 $ 2,714,068.21
IRD Iron Road Ltd 0.2 14 491,619 $ 121,394,635.95
SHH Shree Minerals Ltd 0.026 13 99,787,905 $ 18,612,448.52

The pre-Christmas IPO rush is in full swing, and new entrant Akora Resources (ASX:AKO) led the small cap pack this morning with a strong debut.

After raising $5m with a listing price of 25c, Akora — which operates an iron ore exploration project in Madagascar — rose to 44c by midday trade — a gain of more than 80 per cent.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday December 15:

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Code Name Price % Change Volume Market Cap
SRN Surefire Rescs NL 0.033 -27 56,792,351 $ 32,862,538.80
GNM Great Northern 0.013 -24 7,195,133 $ 15,434,633.27
RFG Retail Food Group 0.07 -23 22,440,881 $ 192,928,663.02
FMS Flinders Mines Ltd 0.95 -20 105,208 $ 200,085,563.75
CG1 Carbonxt Group 0.14 -18 269,386 $ 23,705,641.50
SCI Silver City Minerals 0.019 -17 3,098,264 $ 11,177,085.82
NPM Newpeak Metals 0.0025 -17 470,000 $ 14,004,487.53
NTL New Talisman Gold 0.005 -17 300,000 $ 16,753,352.18
EM1 Emerge Gaming Ltd 0.073 -15 19,895,227 $ 69,282,544.02
STK Strickland Metals 0.047 -15 3,477,792 $ 23,163,333.66
CRN Coronado Global Res 0.98 -14 3,318,210 $ 1,584,541,340.50
AAJ Aruma Resources Ltd 0.006 -14 300,000 $ 11,125,897.33
CPH Creso Pharma Ltd 0.215 -14 26,427,996 $ 172,104,604.25
PIN Pinchme.Com 0.05 -14 36,285 $ 8,201,594.11
CNB Carnaby Resource Ltd 0.31 -13 1,065,204 $ 41,792,516.29
JAT Jatcorp Limited 0.028 -13 13,350,605 $ 32,928,165.98
PUA Peak Minerals Ltd 0.028 -13 2,336,360 $ 17,526,412.67
TYX Tyranna Res Ltd 0.007 -13 1,553,894 $ 10,258,885.34
TRT Todd River Res Ltd 0.049 -13 4,587,060 $ 27,069,768.66