The Michelin star is highly coveted among restauranteurs. Since 1900 the Michelin Guide has rated restaurants around the world – and yes it’s the same company that makes tyres.

The guide uses a 3-star system and one-star restaurants are ‘very good’, two-star restaurants are ‘worth a detour’ while three-star restaurants are worthy of a ‘special journey’.

If you thought just high-end restaurants are in the list you would be wrong. A 74-year old street food entreprenuer from Bangkok, Jay Fai, won a Michelin star recently.

37-year old Sam Edelmen wants his restaurant to join the ranks. His place? A KFC in Alice Springs. But he is serious and has begun a campaign.

Hey guys, you might have heard me on Sun 969 this morning! I'm trying to get some people down to KFC this Sunday. Drop by from 11AM-12PM and I might even be giving out some chicken 😉

Posted by Sam Edelman on Thursday, June 20, 2019

Whether you think it is likely or not, a Michelin star is not the be all and end all. In fact, it can be a bad thing. Poor Jay Fai now has queues lasting several hours and she does most of the work herself.

But a franchisor might have things easier and as Edelmen himself notes his KFC is the most remote KFC in the world.

Back to the ASX, where no company, let alone a small cap, has a Michelin star, but as we mentioned in yesterday’s lunchtime wrap our market has has a solid year. In anticipation of signs of a trade war truce or resolution from the G20 and a rate cut as early as next week, our markets have been flat this week.

Today the ASX Small Ords is down 4 points to 2837 – or by 0.16 per cent.

Going up

PNX Metals (ASX: PNX) has surged 90 per cent after its latest results. These include one blow assay with 11.87 per cent zinc, 4.19g/t of gold, 309g/t of silver, 1.94 per cent of lead and 0.49 per cent of copper. Ora Gold (ASX: OAU) also jumped after positive results.

Oakdale Resources (ASX: OAR) soared after it revealed it has signed a binding option term sheet to buy a Nevada Gold project.

Here are the best performing ASX small cap stocks at lunchtime, Thursday June 27:

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

CodeNamePrice% ChgMarket CapVolume
PNXPNX METALS Ltd0.009590%$21.9M122.6M
NGYNuEnergy Gas Ltd0.01360%$11.8M200.0k
AGEAlligator Energy Ltd0.00350%$3.0M250.0k
CADCaeneus Minerals Ltd0.001550%$3.2M450.0k
EMPEmperor Energy Ltd0.00350%$3.4M5.9M
IAMIntiger Group Ltd0.001550%$2.5M305.0k
OEXOilex Ltd0.00350%$7.8M200.0k
TMXTerrain Minerals Ltd0.00350%$1.9M3.4M
XSTXState Resources Ltd0.00350%$3.4M1.3M
DAFDiscovery Africa Ltd0.0138%$2.2M112.4k
OAUOra Gold Ltd0.0138%$7.1M2.1M
AOAAusmon Resources Ltd0.00433%$2.2M150.0k
DREDreadnought Resources Ltd0.00433%$4.4M1.4M
MLSMetals Australia Ltd0.00233%$5.9M500.0k
OAROakdale Resources Ltd0.0233%$5.2M98.6k
SW1Swift Media Ltd0.225%$30.8M191.3k
MMRMEC Resources Ltd0.00525%$2.1M229.4k
QTGQ Technology Group Ltd0.00525%$751K35.0k
DEMDe.Mem Ltd0.1624%$19.4M224.5k
KRRKing River Resources Ltd0.0321%$35.9M3.6M

Going down

Pursuit Minerals (ASX: PUR) fell 31 per cent after revealing a cost reduction program. It is postponing plans to list in London and defer “all non-essential expenditure on the company’s exploration projects”. It also announced Jeremy Read and Ian Wallace will leave and two other directors will cop a pay cut.

While Chinese agriculture stock Jiajiafu Modern Agriculture (ASX: JJF) had no news, it has fallen today. It’s possible investors have been spooked by the delisting of Sunbridge Group (ASX: SBB) and suspension of Dongfang Agriculture (ASX: DFM).

Here are the worst performing ASX small cap stocks at lunchtime, Thursday June 27:

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

CodeNamePrice% ChgMarket CapVolume
GLVGlobal Vanadium Ltd0.001-50%$2.8M2.5M
RD1Registry Direct Ltd0.02-32%$2.2M7.8k
PURPursuit Minerals Ltd0.011-31%$2.1M12.0M
SRZStellar Resources Ltd0.01-29%$3.8M1.2M
FE8Faster Enterprises Ltd0.012-25%$1.3M10.0k
JJFJiajiafu Modern Agriculture Ltd0.04-20%$3.4M10.0k
IS3I Synergy Group Ltd0.2-20%$37.5M9.0k
SYTSyntonic Ltd0.002-20%$6.6M199.0k
EPMEclipse Uranium Ltd0.002-20%$2.3M14.3M
DTMDart Mining NL0.004-20%$4.0M190.0k
RNXRenegade Exploration Ltd0.0025-17%$1.8M433.0k
EQEEquus Mining Ltd0.01-17%$9.0M1.8M
TKLTraka Resources Ltd0.012-14%$4.4M58.7k
SPQSuperior Resources Ltd0.012-14%$4.1M25.0k
MSEMetalsearch Ltd0.006-14%$2.9M240.0k
ICGInca Minerals Ltd0.003-14%$12.3M400.0k
GTGGenetic Technologies Ltd0.006-14%$16.3M2.0M
ETEEntek Energy Ltd0.006-14%$2.9M2.7M
ENTEnterprise Metals Ltd0.006-14%$2.4M20.0k
GPRGeopacific Resources Ltd0.02-13%$51.8M203.5k