Who said telcos & tacos cannot be mixed? T-Mobile and Taco Bell say they can, through a new joint venture. For three days later this month, T-Mobil will be rebranding stories in major US cities as ‘T-MoBell’ combining telcos and tacos.

You can upgrade your T-Mobile phone and get a free taco and a free drink. Unfortunately Australians will have to settle to see it on YouTube – for now:

“For now” because on a more positive note, we will soon be seeing more Taco Bell stores in Australia. Last year one opened in Annerley Brisbane and by 2024, its owners want over 60 stores across Australia and New Zealand.

Of course earlier attempts to go Down Under did not go so well. One in the early 1980s ending up in a legal case familiar to many Australian law students.

Our markets are subdued again today, the ASX Small Ords is down by 0.04 per cent to 2,886. The ASX 200 meanwhile is up 0.41 per cent to 6,668.

The Westpac-Melbourne Institute Leading Index found our economy will continue to be subdued. While commodity prices and share market growth is high (the latter being the biggest contributor to growth), consumer confidence is low. The index was -0.02 per cent, up from -0.47 per cent in May.

The survey took account of June’s rate cut but not July’s. Westpac has tipped interest rates to be cut again, specifically in November.

Going up

Southern Gold (ASX: SAU) has climbed 50 per cent after announcing a surprise gold discovery at its South Korean project.

Force Commodities (ASX: 4CE) jumped 50 per cent as well after announcing an off-take agreement.

Here are the best performing ASX small cap stocks at lunchtime, Wednesday July 17:

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

Code Name Price % Chg Market Cap Volume
4CE Force Commodities Ltd 0.03 +50.00% $15.3M 35.6M
PCH Property Connect Holdings Ltd 0.003 +50.00% $2.1M 78.0k
TRL Tanga Resources Ltd 0.003 +50.00% $3.8M 2.3M
SAU Southern Gold Ltd 0.16 +45.45% $11.1M 300.1k
COY Coppermoly Ltd 0.007 +40.00% $12.1M 120.0k
VIC Victory Mines Ltd 0.002 +33.33% $2.7M 1.2M
SPQ Superior Resources Ltd 0.009 +28.57% $6.2M 4.0M
HRN Horizon Gold Ltd 0.19 +25.81% $14.9M 98.0k
KSN Kingston Resources Ltd 0.02 +25.00% $23.5M 4.0M
AUT Auteco Minerals Ltd 0.005 +25.00% $5.0M 1.0M
TPC TPC Consolidated Ltd 0.49 +22.50% $5.5M 14.0k
MEM Memphasys Ltd 0.06 +22.00% $37.8M 5.0M
TCN Techniche Ltd 0.03 +21.43% $7.2M 1.6M
SPB South Pacific Resources Ltd 0.006 +20.00% $993K 66.9k
YPB YPB Group Ltd 0.006 +20.00% $5.5M 790.0k
PNN PepinNini Lithium Ltd 0.003 +20.00% $3.7M 8.7k
PEC Perpetual Resources Ltd 0.04 +19.35% $11.4M 120.0k
IP1 Integrated Payment Technologie 0.03 +19.05% $7.7M 2.9M
RHT Resonance Health Ltd 0.14 +16.00% $61.9M 1.7M
INV Investsmart Group Ltd 0.07 +15.38% $10.3M 25.0k

Going down

Semiconductor stock 4DS Memory (ASX: 4DS) fell 9 per cent after announcing a capital raise.

Here are the best performing ASX small cap stocks at lunchtime, Wednesday July 17:

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

Code Name Price % Chg Market Cap Volume
PCL Pancontinental Oil & Gas NL 0.002 -50.00% $5.4M 20.0k
UTR Ultracharge Ltd 0.001 -33.33% $2.1M 783.4k
MLS Metals Australia Ltd 0.0015 -25.00% $4.4M 12.0k
BLY Boart Longyear Ltd 0.004 -20.00% $105.2M 353.0k
QFY Quantify Technology Holdings Ltd 0.005 -16.67% $5.7M 3.9M
CY5 Cygnus Gold Ltd 0.08 -14.43% $4.8M 111.2k
AVE Avecho Biotechnology Ltd 0.003 -14.29% $4.7M 475.0k
LML Lincoln Minerals Ltd 0.006 -14.29% $3.4M 115.0k
RLE Real Energy Corp Ltd 0.06 -11.76% $21.0M 898.0k
NES Nelson Resources Ltd 0.04 -11.11% $1.8M 9.0k
LNY Laneway Resources Ltd 0.008 -11.11% $29.4M 3.2M
IPT Impact Minerals Ltd 0.008 -11.11% $10.6M 751.3k
ADX ADX Energy Ltd 0.008 -11.11% $9.7M 617.3k
BSM Bass Metals Ltd 0.009 -10.00% $25.3M 1.5M
BRV Big River Gold Ltd 0.009 -10.00% $9.3M 371.0k
PG1 Pearl Global Ltd 0.14 -9.68% $27.9M 61.7k
PTR Petratherm Ltd 0.03 -9.09% $5.1M 3.0k
BUX Buxton Resources Ltd 0.11 -8.70% $14.3M 48.0k
SEA Sundance Energy Australia Ltd 0.24 -8.65% $165.0M 2.6M
4DS 4DS Memory Ltd 0.05 -8.62% $57.0M 3.6M