Every year as it gets closer to the end of financial year (EOFY) there is a push by businesses to increase sales.

If this worked then there’d certainly be cause for celebration.

But in the last decade, businesses have began to spruik the idea it should be celebrated like Christmas. Remember this Foxtel advertisement from 2009?

But should EOFYs be celebrated by people like its Christmas?

This Sydney restaurant thinks so. We noticed it offered to host end of financial year functions – probably too late to partake. We also observed the Adelaide Oval’s Bridgeclimb have tips for how to celebrate – however you choose.

If you are participating in some celebration or just partaking in sales, please enjoy. But if you just realised, don’t despair. Its just five months until Black Friday.

Perhaps children will be celebrating, because it’s school holidays. If you don’t have kids you might welcome that public transport will be quieter. But if you do have kids, you’ll have to find something else for them to do.

Are our markets celebrating? Large caps are not, since the ASX 200 is down 0.22 per cent. However the small caps are, the ASX Small Ords is up 0.13 per cent (or 4 points) to 2,849.

Going up

If anyone is celebrating EOFY, its Indoor Skydiving Australia (ASX: IDZ) which is up 150 per cent as at 12pm. This came after the company announced it was selling its Perth facility, which will leave an extra $500,000 cash in the bank. This had been something it had been working on for several months, so perhaps it is time to celebrate.

Golden Rim Resources (ASX: GMR) jumped 28 per cent after announcing it had “quadrupled” the size of its gold project. The area increased from 58 sq km to 245 sq km.

Here are the best performing ASX small cap stocks at lunchtime, Friday June 28:

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CodeNamePrice% ChgMarket CapVolume
IDZIndoor Skydiving Australia Group0.02+150.00%$2.2M3.3M
CADCaeneus Minerals Ltd0.002+50.00%$3.2M629.5k
RIMRimfire Pacific Mining NL0.002+50.00%$3.2M200.0k
SROShareroot Ltd0.002+50.00%$2.8M2.1M
TSCTwenty Seven Co Ltd0.002+50.00%$2.9M250.0k
CHRChalmers Ltd6.45+37.23%$49.1M10.1k
AOAAusmon Resources Ltd0.004+33.33%$2.2M100.0k
RXHRewardle Holdings Ltd0.004+33.33%$2.1M65.3k
HORHorseshoe Metals Ltd0.01+28.57%$1.8M25.0k
ADVArdiden Ltd0.005+25.00%$4.2M409.8k
CZNCorazon Mining Ltd0.005+25.00%$3.5M70.0k
DLCDelecta Ltd0.005+25.00%$3.5M23.6k
NORNorwood Systems Ltd0.005+25.00%$10.4M18.4M
UNLUnited Networks Ltd0.01+25.00%$1.3M415.4k
FMSFlinders Mines Ltd0.07+23.21%$240.5M576.9k
BNRBulletin Resources Ltd0.02+21.43%$3.0M168.5k
ANLAmani Gold Ltd0.003+20.00%$15.6M436.9k
AREArgonaut Resources NL0.006+20.00%$9.3M1.0M
E2EEon NRG Ltd0.006+20.00%$4.6M80.8k
MTHMithril Resources Ltd0.006+20.00%$2.5M207.1k
BDABod Australia Ltd0.36+20.00%$25.0M241.7k
TONTriton Minerals Ltd0.06+20.00%$55.6M6.9M

Going down

One notable loser today was Candy Club Holdings (ASX: CLB), which fell 16 per cent despite having no news today. The company is now down 60 per cent since its IPO.

Here are the worst performing ASX small cap stocks at lunchtime, Friday June 28:

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CodeNamePrice% ChgMarket CapVolume
XSTXState Resources Ltd0.002-33.33%$2.3M3.4M
PCHProperty Connect Holdings Ltd0.003-33.33%$1.4M133.3k
SBRSabre Resources Ltd0.003-25.00%$1.2M241.7k
MLSMetals Australia Ltd0.0015-25.00%$4.4M150.0k
MGLMagontec Ltd0.03-24.24%$28.5M51.6k
INV Investsmart Group Ltd0.05-21.43%$7.5M5.2M
UTRUltracharge Ltd0.002-20.00%$2.1M83.4k
RAGRagnar Metals Ltd0.004-20.00%$1.3M1.0M
OVLOro Verde Ltd0.002-20.00%$3.1M102.3k
GTEGreat Western Exploration Ltd0.004-20.00%$5.0M305.8k
WRMWhite Rock Minerals Ltd0.005-16.67%$8.2M350.0k
PSMPeninsula Mines Ltd0.0025-16.67%$2.5M167.7k
NSENew Standard Energy Ltd0.005-16.67%$4.1M30.0k
MRQMRG Metals Ltd0.005-16.67%$3.3M250.0k
GMCGulf Manganese Corp Ltd0.005-16.67%$24.6M3.6M
CDTCastle Minerals Ltd0.005-16.67%$1.1M7.1k
AGEAlligator Energy Ltd0.0025-16.67%$2.5M57.5k
AL8Alderan Resources Ltd0.04-16.67%$5.7M130.8k
CLBCandy Club Holdings Ltd0.08-15.56%$10.6M45.0k