Global discussions about police brutality and racial inequality are have some unexpected impacts.

A petition to rename the city of Columbus, Ohio, ‘Flavortown’ – a classy nod to famous restaurateur and favourite son Guy Fieri – is gaining some traction.

The name would also honour the city’s “proud heritage as a culinary crossroads and one of the nation’s largest test markets for the food industry,” according to the petition.

Brands are also feeling the pressure – the name attached to ‘Eskimo Pie’, the century-old chocolate-covered ice cream, will soon be retired, for instance.

And in Australia, some East Coast bottle shops are pulling Margaret River brewery Colonial Brewing Co’s beers from shelves after complaints about the name.

In Global Markets…

European sharemarkets rose on Friday as investors focused on the EU’s proposed €750bn program to help economies bounce back from lockdowns.

US shares fluctuated as news that China plans to increase purchases of American farm goods, were balanced out by fears over record COVID-19 cases in Florida and Arizona.

Global oil prices lifted again on Friday, with US benchmark (Nymex) crude futures hitting their highest level since March 6.

Over the week, gold was up by US$15.70 an ounce or 0.9 per cent to ~US$1,743/oz, while iron ore fell by 2.2% to about US$103 a tonne – the first decline in 6 weeks.

The ASX200 — +7.6 points to 5,950.2 by midday today — is now up 30 per cent since those late March lows.

However, the benchmark index is still down about 16 per cent on its 2020 highs.


Here are the best performing ASX small cap stocks at 12pm Monday June 22:

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DDD 3D Resources 0.004 75.00% $6.6M
FGO Flamingo 0.0015 50.00% $1.1M
CCE Carnegie Clean 0.0015 50.00% $11.1M
LCD Latitude Consolidated 0.025 47.06% $6.3M
BBX BBX Minerals 0.19 40.74% $79.3M
CPT Cipherpoint 0.035 40.00% $1.3M
ELT Elementos 0.004 33.33% $10.2M
ESE Esense-Lab 0.025 31.58% $4.3M
CZI Cassini Resources 0.16 28.00% $68.4M
AR9 Archtis 0.1 20.48% $16.5M
RLC Reedy Lagoon 0.005 25.00% $2.0M
BMG BMG Resources 0.005 25.00% $3.4M
PSZ PS&C 0.031 24.00% $15.5M
GMR Golden Rim 0.011 22.22% $14.2M
PTR Petratherm 0.085 21.43% $14.6M
FPL Fremont Petroleum 0.006 20.00% $12.7M
NZS New Zealand Coastal Seafood 0.012 20.00% $5.3M
EHX EHR Resources 0.12 20.00% $17.6M
WRM White Rock Minerals 0.006 20.00% $14.1M
SER Strategic Energy Resources 0.006 20.00% $7.1M
RDN Raiden 0.006 20.00% $2.6M
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In the morning’s biggest news, producer OZ Minerals (ASX:OZL) will acquire Cassini Resources (ASX:CZI) to consolidate ownership of the West Musgrave project in WA.

Cassini will demerge its Yarawindah Brook and Mount Squires assets into a new company, Caspin Resources, which it intends to list on the ASX. The stock was up 28 per cent in morning trade.

Latitude Consolidated (ASX:LCD) also jumped +47 per cent after securing an option to buy a gold project in South Australia.


Here are the worst performing ASX small cap stocks at 12pm Monday June 22:

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YPB YPB Group 0.002 -33.33% $3.4M
BSM Bass Metals 0.002 -33.33% $6.4M
CZN Corazon Mining 0.002 -20.00% $4.8M
AGE Alligator Energy 0.004 -20.00% $5.8M
XTC Xantippe Resources 0.002 -20.00% $8.0M
EFE Eastern Iron 0.004 -20.00% $1.7M
MLM Metallica Minerals 0.01 -16.67% $3.2M
MSR Manas Resources 0.005 -16.67% $13.2M
TMZ Thomson Resources 0.016 -15.79% $1.9M
CGB Cann Global 0.006 -14.29% $20.3M
TYX Tyranna Resources 0.003 -14.29% $3.4M
CXU Cauldron Energy 0.021 -12.50% $7.9M
OPL Shareroot 0.088 -12.00% $2.6M
AJQ Armour Energy 0.022 -12.00% $13.0M
GUL Gullewa 0.085 -11.46% $13.8M
WCN White Cliff Minerals 0.008 -11.11% $3.9M
HNG HGL 0.16 -11.11% $12.1M
RAN Range International 0.008 -11.11% $2.9M
ESR Estrella Resources 0.008 -11.11% $4.3M
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