Amid a health pandemic and soaring stock markets, the wave of global protests against policy brutality are holding steady at the front of the news cycle this week.

Statues in multiple countries are now being toppled. The takedowns include a bust of 17th century slave trader Edward Colston, who ended up at the bottom of the river in the UK town of Bristol. Elsewhere, multiple statues of Christopher Columbus across the US have faced the axe.

Debate has now turned to whether local statues such as those of James Cook or former NSW governor Lachlan Macquarie should also be removed.

On the COVID-19 front, disease-related hospitalisations have risen in California for nine of the past 10 days, while Texas reported its largest increase in daily hospitalisations on Tuesday.

To markets:

After a barnstorming rally in the face of plenty of economic uncertainty, local investors hit the brakes this morning.

The pain was felt more keenly at the big end of town, as the ASX200 slumped almost two per cent while the Small Ords Index suffered a relatively mild 0.4 per cent fall.

It followed the overnight policy announcement from the US Federal Reserve, where Fed chair Jerome Powell discussed the bank’s guidance on the interest rate outlook with this memorable line:

“We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates,” Powell said.



Here are the best performing ASX small cap stocks at 12pm Thursday June 11:

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ROG Red Sky Energy 0.002 100.00% $2.4M
OEX Oilex 0.003 50.00% $11.0M
DLC Delecta Ltd 0.007 40.00% $4.9M
BFC Beston Global Food Company Ltd 0.076 38.18% $35.8M
RMI Resource Mining Corporation 0.008 33.33% $2.4M
VMS Venture Minerals 0.021 31.25% $17.0M
ICU Isentric Ltd 0.017 30.77% $4.1M
MRQ MRG Metals Ltd 0.007 27.27% $8.6M
TDO 3D Oil Ltd 0.08 23.08% $21.2M
NTI Neurotech Intl 0.011 22.22% $2.8M
LML Lincoln Minerals Ltd 0.006 20.00% $3.5M
GSM Golden State Mining 0.31 19.23% $14.2M
ESE Esense-Lab 0.019 18.75% $2.9M
CTM Centaurus Metals Ltd 0.32 18.52% $85.0M
TPS Threat Protect Australia 0.045 18.42% $10.8M
ICN Icon Energy 0.013 18.18% $7.8M
ACW Actinogen Medical 0.033 17.86% $34.6M
IVR Investigator Resources Ltd 0.02 17.65% $16.9M
CNJ Conico Ltd 0.007 16.67% $2.7M
FFG Fatfish Internet Group Ltd 0.007 16.67% $5.7M
KMT Kopore Metals 0.007 16.67% $4.5M
ELX Ellex Medical Lasters 0.615 16.04% $88.3M
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Milk supplier Beston Global Food Company (ASX:BFC) was among the winners after announcing the sale of its dairy farms in Mount Gambier, SA to Aurora Dairies for $40.4m in cash.

The deal will give BFC rights to 100 per cent of the dairy supply from those farms for a 10-year period, while also reducing debt and freeing up capital to expand the company’s operations in mozzarella and lactoferrin production.

Resources minnow MRG Metals (ASX:MRQ) also ticked higher after lab results showed “extensive high-grade heavy mineral sand mineralisation” at the company’s Corridor South project in Mozambique.

And 3D Oil (ASX:TDO) also got a boost after finalising a farm-out arrangement to transfer its offshore exploration permit to ConocoPhillips Australia. In return, the company said it will “receive cash payment of $5m within two weeks”.


Here are the worst performing ASX small cap stocks at 12pm Thursday June 11:

Swipe or scroll to reveal the full table. Click headings to sort.

ANL Amani Gold 0.001 -33.33% $6.8M
SMI Santana Minerals Ltd 0.002 -33.33% $5.4M
IMC Immuron Ltd 0.22 -26.67% $38.1M
SBR Sabre Resources Ltd 0.003 -25.00% $2.6M
PLL Piedmont Lithium 0.1 -23.08% $82.6M
SHE Stonehorse Energy 0.007 -22.22% $2.8M
AIS Aeris Resources Ltd 0.039 -18.75% $21.0M
SGO Stream Group Ltd 0.04 -18.37% $8.6M
RFX RedFlow Ltd 0.024 -17.24% $22.9M
AFP AFT Pharmaceuticals 3.79 -17.07% $459.3M
OSP Osprey Medical Inc 0.011 -15.38% $16.7M
MWR MGM Wireless Ltd 0.12 -14.29% $17.0M
GEV Global Energy Ventures 0.006 -14.29% $22.8M
PKD Parkd 0.026 -13.33% $2.0M
NUH Nuheara 0.015 -11.76% $20.4M
JXT Jaxsta 0.023 -11.54% $5.7M
OPT Opthea 2.72 -10.82% $740.2M
IXR Ionic Rare Earths Ltd 0.008 -11.11% $17.3M
APV AppsVillage Australia 0.165 -10.81% $13.8M
DCG Decmil Group 0.059 -11.94% $49.7M
CGA Contango Asset 0.26 -10.34% $12.3M
TOE Toro Energy 0.009 -10.00% $24.7M
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