UFC fighter Conor McGregor was arrested in Miami last night and held on $US12,500 bail, after slapping a man’s phone out of his hands before stomping on it.

Things were a little less dramatic on the ASX Small Ordinaries index (ASXO) this morning, which was trading almost flat at midday with a 0.02 per cent gain to 2770.4.

Here are the big movers among small cap stocks for today, March 12:

WINNERS

Gold/copper explorer Encounter Resources (ASX: ENR) jumped more than 20 per cent after announcing the expansion of their joint venture projects in Western Australia.

Investors are also getting excited about Tietto Minerals (ASX: TIE), which spiked more than 30 per cent after announcing more high-grade gold discoveries at its project in Côte d’Ivoire, West Africa.

And Parkd (ASX: PKD) rose by 20 per cent in morning trade after a Perth Subaru dealership agreed to pay $690,000 for a 49-bay carpark built by Parkd last year.

Also of note, Payment transfer platform InPayTech (ASX: IP1) jumped sharply after announcing the cannibalisation of one its products.

The company has cancelled its Bill Exchange offering — used to support payments in the real estate industry — “effective immediately”.

Enter PayVu, which “makes Bill Exchange redundant as PayVu can be used for all business payments and delivers greater security and automation”, InPayTech said. Its shares jumped by more than 60 per cent to 3.4 cents, after a sharp fall in February.

And gains were led by the tiny Tamaska Oil & Gas Ltd (ASX: TMK), which posted a 100 per cent increase to 0.2 cents a share, despite the absence of any market updates.

Here are the best performing ASX small cap stocks at 12pm EST Tuesday March 12:

ASX codeCompany namePricePercentage changeMarket capVolume
TMK Tamaska Oil & Gas Ltd0.002100%$3,900,00045.0k
IP1 Integrated Payment Technologies0.03357%$4,200,0001.2M
LCY Legacy Iron Ore Ltd0.00350%$4,400,000274.6k
QGL Quantum Graphite Ltd0.00350%$22,500,000180.0k
RXH Rewardle Holdings Ltd0.00350%$1,600,00014.7k
PGY Pilot Energy Ltd0.01838%$1,400,000205.4k
PRL Petrel Energy Ltd0.00433%$9,700,0001.1M
EVE EVE Investments Ltd0.06530%$15,000,00028.2M
BMT Berkut Minerals Ltd0.127%$5,400,0003.8M
TIE Tietto Minerals Ltd0.1226%$28,700,000726.3k
JXT Jaxsta Ltd0.1525%$32,700,00042.5k
LNU Linius Technologies Ltd0.0525%$41,300,0007.5M
EMP Emperor Energy Ltd0.00325%$2,400,000266.7k
KLH Kalia Ltd0.00525%$12,600,0002.5M
ENR Encounter Resources Ltd0.0822%$22,000,000387.5k
AQX Alice Queen Ltd0.01220%$7,800,00049.3k
COY Coppermoly Ltd0.00620%$10,300,0001.1M
NVO NVOI Ltd0.00620%$3,100,000273.5k
WRM White Rock Minerals Ltd0.00620%$9,800,0001.5M
PKD Parkd Ltd0.1820%$13,500,00013.3k

LOSERS

Mining and energy minnows led the market lower, with five companies that trade at below 1c per all suffering losses of 20 per cent or more.

Orion Metals (ASX:ORM) led the falls after slumping by almost 30 per cent to 0.5c, on low volumes with no notable news updates.

Here are the worst performing ASX small cap stocks at 12pm EST Tuesday March 12:

ASX codeCompany namePricePercentage changeMarket capVolume
ORM Orion Metals Ltd0.005-29%$2,400,0005.4k
XST XState Resources Ltd0.003-25%$3,400,00035.0k
ADV Ardiden Ltd0.003-25%$5,000,00010.0k
EQE Equus Mining Ltd0.012-20%$10,800,0003.0M
PCL Pancontinental Oil & Gas NL0.002-20%$10,800,000500.0k
LRS Latin Resources Ltd0.002-20%$6,500,0002.8M
VMC Venus Metals Corp Ltd0.12-17%$10,900,00087.4k
ZNO Zoono Group Ltd0.07-17%$11,200,00056.5k
UNL United Networks Ltd0.01-17%$1,300,00025.0k
CRO Cirralto Ltd0.01-17%$5,000,0001.9M
ABT Abundant Produce Ltd0.1-17%$6,100,0001.4M
FHS Freehill Mining Ltd0.023-15%$17,900,0001.2M
KMT Kopore Metals Ltd0.012-14%$7,600,000338k
GLV Global Vanadium Ltd0.003-14%$8,500,00017.1M
GLN Galan Lithium Ltd0.43-14%$47,800,0001.3M
TKL Traka Resources Ltd0.013-13%$4,300,0006.3k
YPB YPB Group Ltd0.007-13%$6,400,0001.0M
SI6 Six Sigma Metals Ltd0.004-13%$1,600,000250.0k
POH Phosphagenics Ltd0.004-13%$5,500,0003.3M
BLY Boart Longyear Ltd0.004-13%$92,000,0001.1M
RNE ReNu Energy Ltd0.077-13%$8,500,00015.0k