Aaron Sandilands is one of a kind. At 7 foot, he is the tallest player in the AFL, and made all his various coaches look short.

If he was American, the ideal destination would be the NBA. Bloomberg reported overnight NBA players exaggerating their height is becoming a significant problem for the league.

And it’s also players wanting to be shorter that’s causing a problem – actual 7-footers saying they’re 6’11 to avoid pressure.

Anyhoo, back to the markets, where many companies say they are tall but shareholders form their own opinions. Sometimes it’s the same and sometimes it’s not.

Our local markets rose again, following Wall Street. In addition to interest rates, there’s hope that proposed tariffs on Mexico may be at least delayed.

The ASX Small Ords was up 12 points to 2778 – or by 0.43 per cent; at 11.30am.


Going up

Creso Pharma (ASX: CPH) is being acquired by Canadian-listed cannabis firm Pharmacielo. This is the first takeover of an Australian cannabis company. Despite jumping 35 per cent, it’s only up to 56 cents, just short of Pharmacielo’s offer.

Arafura Resources (ASX: ARU) has increased as well, by 20 per cent, despite having no news today. But the rare earths sector has been hot since Wesfarmers gave Lynas the takeover side-eye back in April.

Here are the best performing ASX small cap stocks at lunchtime, Friday June 7:

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

Code Name Price (11.30am) % Chg Market Cap Volume
MMR MEC Resources Ltd 0.01 50% $2.5M 135.0k
CIO Connected IO Ltd 0.004 50% $3.6M 2.9M
CPH Creso Pharma Ltd 0.56 35% $74.9M 5.7M
ARX Arc Exploration Ltd 0.2 33% $5.1M 10.0k
DTR Dateline Resources Ltd 0.003 25% $15.9M 250.0k
NEW Norwest Energy NL 0.0025 25% $6.8M 1.4M
ICI iCandy Interactive Ltd 0.05 22% $18.4M 114.2k
TPD Talon Petroleum Ltd 0.003 20% $5.3M 2.5M
UTR Ultracharge Ltd 0.003 20% $3.2M 552.0k
ARU Arafura Resources Ltd 0.1 20% $75.8M 16.7M
PDI Predictive Discovery Ltd 0.02 19% $5.6M 23.4M
TTM Titan Minerals Ltd 0.02 19% $48.7M 220.0k
AD1 ApplyDirect Ltd 0.02 18% $7.2M 134.8k
WWI West Wits Mining Ltd 0.007 17% $5.6M 1.0M
CTM Centaurus Metals Ltd 0.007 17% $19.0M 1.5M
FGO Flamingo AI Ltd 0.007 17% $7.8M 2.1M
SER Strategic Energy Resources Ltd 0.007 17% $6.3M 130.0k
KNM KneoMedia Ltd 0.06 15% $41.2M 1.7M
BSM Bass Metals Ltd 0.008 14% $22.5M 1.7M
CAG Cape Range Ltd 1.09 14% $41.8M 37.2k
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Going down

The biggest loser was Benetic Biopharma (ASX: BLT). Today it announced that a collaboration agreement was terminated and it’s down 33 per cent.

Here are the worst performing ASX small cap stocks at lunchtime, Friday June 7:

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

Code Name Price % Chg Market Cap Volume
BLT Benitec Biopharma Ltd 0.08 -33% $20.1M 3.2M
DME Dome Gold Mines Ltd 0.16 -20% $44.0M 19.0k
GBZ GBM Resources Ltd 0.004 -20% $5.5M 18.0k
CAE Cannindah Resources Ltd 0.01 -20% $2.2M 200.0k
MRQ MRG Metals Ltd 0.005 -17% $3.8M 4.2M
PNN PepinNini Lithium Ltd 0.0025 -17% $2.5M 221.3k
MSR Manas Resources Ltd 0.0025 -17% $5.3M 456.1k
ANL Amani Gold Ltd 0.0025 -17% $10.4M 4.7M
ANW Aus Tin Mining Ltd 0.01 -17% $25.8M 835.0k
TOU Tlou Energy Ltd 0.1 -17% $45.0M 101.3k
IVQ Invitrocue Ltd 0.06 -14% $36.8M 6.0k
KPE Kina Petroleum Corp 1.55 -14% $21.8M 4.0k
AUL Austar Gold Ltd 0.0035 -13% $10.2M 600.0k
CGS Cogstate Ltd 0.21 -13% $25.0M 1.0k
IMU Imugene Ltd 0.02 -12% $54.2M 15.7M
ARM Aurora Minerals Ltd 0.02 -12% $1.8M 786.7k
TNK Think Childcare Ltd 1.67 -12% $101.6M 268.3k
NTI Neurotech International Ltd 0.02 -12% $3.3M 5.0M
KEY Key Petroleum Ltd 0.004 -11% $6.2M 300.0k
WBE Whitebark Energy Ltd 0.004 -11% $7.9M 490.0k
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At Stockhead, we tell it like it is. While Arafura Resources is a Stockhead advertiser, it did not sponsor this article.