If you happen to be from Melbourne, like the author of today’s lunchtime wrap, then there’s a good chance you had a miserable moment caught out in Melbourne’s wet and cold streak at the weekend.

Around the state of Victoria were stories of wild weather, from junior football games played in snow, to snowmen in suburbia, to months’ worth of rain falling in just a couple of days.

But while it appears the outlook is getting warmer, the ASX Small Ords was chilly, down 4.4 points or 0.15 per cent to 2,871.2. And the ASX 200 was down 0.3 points to 6,584.1.

Going up

News that Red Mountain Mining (ASX:RMX) is set to break into the lucrative heavy rare earths market has sent its shares up 50 per cent to 0.6c

The company has entered a three-stage earn-in and joint venture agreement with Unearthed Resources, which owns the Mt Mansbridge project in Western Australia.

You also might see Emperor Energy (ASX:EMP) leading the way with an astonishing 1,400 per cent gain: but that’s due to a 15-to-1 stock consolidation.

Here are the best performing ASX small cap stocks at lunchtime, Monday August 12:

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Code Name Price % Chg Market Cap Volume
CZN Corazon Mining Ltd 0.003 +50.00% $4.9M 250.0k
RMX Red Mountain Mining Ltd 0.006 +50.00% $4.7M 55.9M
XPE Xped Ltd 0.0015 +50.00% $2.3M 5.0M
SCI Silver City Minerals Ltd 0.02 +41.67% $5.0M 15.9M
GTE Great Western Exploration Ltd 0.01 +33.33% $10.8M 34.7M
MHC Manhattan Corp Ltd 0.004 +33.33% $3.0M 141.0k
MLS Metals Australia Ltd 0.002 +33.33% $5.9M 250.0k
NWE Norwest Energy NL 0.004 +33.33% $13.5M 200.0k
TKM Trek Metals Ltd 0.004 +33.33% $1.8M 130.7k
QTG Q Technology Group Ltd 0.009 +28.57% $1.4M 17.2k
CTE Cryosite Ltd 0.05 +25.00% $2.3M 12.5k
NOR Norwood Systems Ltd 0.005 +25.00% $10.4M 300.0k
ARD Argent Minerals Ltd 0.03 +23.81% $14.6M 3.6M
KGD Kula Gold Ltd 0.011 +22.22% $647K 730.1k
NHL Novita Healthcare Ltd 0.011 +22.22% $5.1M 746.0k
MSM MSM Corp International Ltd 0.02 +21.43% $12.5M 896.6k
BLK Blackham Resources Ltd 0.02 +21.43% $64.1M 151.6M
CDT Castle Minerals Ltd 0.006 +20.00% $1.3M 250.0k
MTH Mithril Resources Ltd 0.006 +20.00% $2.5M 1.2M
RIM Rimfire Pacific Mining NL 0.003 +20.00% $4.0M 381.0k
VAL Valor Resources Ltd 0.006 +20.00% $11.4M 1.5M
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Going down

News that a hole drilled by Chase Mining (ASX:CML) did not find a massive sulphide source has sent that company’s shares down 14 per cent to 4c this morning.

Here are the worst performing ASX small cap stocks at lunchtime, Monday August 12:

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Code Name Price % Chg Market Cap Volume
GLA Gladiator Resources Ltd 0.001 -50.00% $1.5M 11.8M
MZN Marindi Metals Ltd 0.002 -33.33% $2.2M 1.3M
OEX Oilex Ltd 0.003 -25.00% $7.8M 830.7k
ICG Inca Minerals Ltd 0.003 -25.00% $9.3M 1.2M
FHS Freehill Mining Ltd 0.01 -23.08% $8.2M 2.5M
MGT Magnetite Mines Ltd 0.004 -20.00% $3.2M 302.1k
PWN Parkway Minerals NL 0.005 -16.67% $3.2M 6.5k
DTM Dart Mining NL 0.005 -16.67% $5.1M 650.0k
CML Chase Mining Corp Ltd 0.04 -14.00% $8.9M 2.9M
TZN Terramin Australia Ltd 0.06 -13.70% $117.8M 15.1k
UNL United Networks Ltd 0.013 -13.33% $1.6M 2.3M
LEX Lefroy Exploration Ltd 0.2 -13.04% $16.3M 49.9k
G88 Golden Mile Resources Ltd 0.06 -13.04% $3.3M 22.0k
CLX CTI Logistics Ltd 0.79 -12.71% $61.4M 53.7k
SLX Silex Systems Ltd 0.34 -12.66% $58.8M 489.5k
BOC Bougainville Copper Ltd 0.11 -12.00% $44.1M 8.9k
TTI Traffic Technologies Ltd 0.02 -10.53% $8.2M 50.0k
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