Here are some notable gainers and losers among ASX small caps at 12.30pm AEDT Thursday:

In the green

8common (ASX:8CO)

Business software maker 8common was up 24 per cent at 12.45pm AEDT after signing a binding agreement to sell remaining the remaining 90 per cent of its Realtors8 product for $4.09 million.

Malaysian-listed, Singapore-based Cloudaron Group will pay for the deal in scrip.

8common is refocusing on its expense8 travel and expense management platform “and other complementary fin-tech applications including AI, Blockchain and payments”.

The shares were trading up 0.9c at at 4.7c.

DataDot (ASX:DDT)

Anti-counterfeiter DataDot moved ahead 25 per cent after agreeing on terms to merge with a technology subsidiary of South Australian food producer Beston (ASX:BFC).

DataDot uses microdots, originally developed by the CSIRO, to watermark property and trace everything from documents and currency to pharmaceuticals, cars, wine and casino chips.

The merged company would expand to protect against theft and counterfeiting of food products.

The shares were up 0.2c at 0.7c at 12.45pm AEDT

FYI Resources (ASX:FYI)

FYI, a producer of high purity alumina for use in electric cars and mobile phones, jumped 25 per cent after announced “outstanding metallurgical test results” in a pre-feasibility study at its Cadoux Kaolin project in Western Australia.

“The combined attributes of a high grade and excellent recovery of the alumina product should have a significant impact on the project’s economic metrics,” said FYI boss Roland Hill.

“Cadoux continues to demonstrate its superior qualities, amenability and suitability to the production of commercial high purity alumina using conventional processing techniques and equipment.”

The shares were up 2.4c to 12c at 12.45pm AEDT.

Other notable gainers included Amani Gold (ASX:ANL) up 43 per cent and Tando Resources (ASX:TNO) up 18 per cent.

In the red

Prime Media Group (ASX:PRT)

TV broadcaster Prime fell 17 per cent after reporting a loss of $8.6 million for the December half-year.

That was a decrease of $26 million on the prior corresponding period and included a one-off $31 million write down of ts television licences.

“The impairment reflects the on-going decline of regional free-to-air television advertising markets and increasing program costs,” the group said.

Invion (ASX:IVX)

Cancer-focused biotech Invion – which is undergoing a capital raise  of $2.5 million — was down 24 per cent after heavy trading recently.

Invion has been burning cash as it repositions into the cancer sector.

Other notables losers included Fortune Asia (ASX:FYA) which was down 75 per cent at midday and Monax Mining (ASX:MOX) which fell 17 per cent. Neither issued any news today.