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

CodeNamePrice (11.30am)% ChgMarket CapVolume
MMRMEC Resources Ltd0.0150%$2.5M135.0k
CIOConnected IO Ltd0.00450%$3.6M2.9M
CPHCreso Pharma Ltd0.5635%$74.9M5.7M
ARXArc Exploration Ltd0.233%$5.1M10.0k
DTRDateline Resources Ltd0.00325%$15.9M250.0k
NEWNorwest Energy NL0.002525%$6.8M1.4M
ICIiCandy Interactive Ltd0.0522%$18.4M114.2k
TPDTalon Petroleum Ltd0.00320%$5.3M2.5M
UTRUltracharge Ltd0.00320%$3.2M552.0k
ARUArafura Resources Ltd0.120%$75.8M16.7M
PDIPredictive Discovery Ltd0.0219%$5.6M23.4M
TTMTitan Minerals Ltd0.0219%$48.7M220.0k
AD1ApplyDirect Ltd0.0218%$7.2M134.8k
WWIWest Wits Mining Ltd0.00717%$5.6M1.0M
CTMCentaurus Metals Ltd0.00717%$19.0M1.5M
FGOFlamingo AI Ltd0.00717%$7.8M2.1M
SERStrategic Energy Resources Ltd0.00717%$6.3M130.0k
KNMKneoMedia Ltd0.0615%$41.2M1.7M
BSMBass Metals Ltd0.00814%$22.5M1.7M
CAGCape Range Ltd1.0914%$41.8M37.2k

 

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

CodeNamePrice% ChgMarket CapVolume
BLTBenitec Biopharma Ltd0.08-33%$20.1M3.2M
DMEDome Gold Mines Ltd0.16-20%$44.0M19.0k
GBZGBM Resources Ltd0.004-20%$5.5M18.0k
CAECannindah Resources Ltd0.01-20%$2.2M200.0k
MRQMRG Metals Ltd0.005-17%$3.8M4.2M
PNNPepinNini Lithium Ltd0.0025-17%$2.5M221.3k
MSRManas Resources Ltd0.0025-17%$5.3M456.1k
ANLAmani Gold Ltd0.0025-17%$10.4M4.7M
ANWAus Tin Mining Ltd0.01-17%$25.8M835.0k
TOUTlou Energy Ltd0.1-17%$45.0M101.3k
IVQInvitrocue Ltd0.06-14%$36.8M6.0k
KPEKina Petroleum Corp1.55-14%$21.8M4.0k
AULAustar Gold Ltd0.0035-13%$10.2M600.0k
CGSCogstate Ltd0.21-13%$25.0M1.0k
IMUImugene Ltd0.02-12%$54.2M15.7M
ARMAurora Minerals Ltd0.02-12%$1.8M786.7k
TNKThink Childcare Ltd1.67-12%$101.6M268.3k
NTINeurotech International Ltd0.02-12%$3.3M5.0M
KEYKey Petroleum Ltd0.004-11%$6.2M300.0k
WBEWhitebark Energy Ltd0.004-11%$7.9M490.0k

 

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