Lunchtime ASX small cap wrap: Who’s pulling the pin today?

Could this year’s Tokyo Olympic Games get shafted by coronavirus fears? VP of the International Olympic Committee (IOC) and real person Dick Pound reckons so.

The IOCs longest serving member (actually true) said there was likely a three-month window to determine the fate of the Olympics as coronavirus spreads across the globe.

#DickPound is now trending on Twitter, which is apparently something that happens every few years:

Dick Pound is probing whether the Olympics might get screwed if corona keeps spreading even though a premature decision could blow up in everyone’s face. #coronavirus #DickPound #Olympics https://t.co/qoenOmoqlS

— Bleeding Heart Liberal Marine (@zaharako) February 25, 2020

Overall, market sentiment is up and down as the coronavirus story develops.The ASX200 and Small Ords Indexes both softened in morning trade, down 0.18 per cent and 0.06 per cent respectively.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday February 27:

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

CODE	NAME	PRICE	% CHANGE	MARKET CAP
RFN	Reffind	0.004	+33.33%	$3.4M
SUD	Suda Pharmaceuticals	0.07	+29.63%	$10.0M
PSZ	PS&C	0.03	+28.57%	$9.5M
NSX	NSX	0.24	+26.32%	$44.8M
CLZ	Classic Minerals	0.0025	+25.00%	$14.4M
CZN	Corazon Mining	0.0025	+25.00%	$6.0M
PPG	Pro-Pac Packaging	0.12	+21.21%	$97.3M
VUL	Vulcan Energy Resources	0.29	+20.83%	$14.1M
HWK	Hawkstone Mining	0.006	+20.00%	$6.1M
QFY	Quantify Technology	0.003	+20.00%	$5.8M
REV	Real Estate Investar Group	0.012	+20.00%	$2.8M
BCC	Beam Communications	0.25	+19.51%	$13.0M
AUC	Ausgold	0.02	+17.65%	$21.0M
IFM	Infomedia	2.15	+16.85%	$684.4M
KTA	Krakatoa Resources	0.04	+16.67%	$7.7M
BEE	Broo	0.014	+16.67%	$9.8M
BLZ	Blaze International	0.014	+16.67%	$2.9M
TOE	Toro Energy	0.007	+16.67%	$17.4M
VOR	Vortiv	0.007	+16.67%	$19.5M
WNB	Wellness and Beauty Solutions	0.0035	+16.67%	$3.6M

Packaging company Pro-Pac Packaging (ASX:PPG) (say that fast) was among the morning’s biggest gainers, up ~20 per cent in early trade.

The company announced a $7.6m profit — a big turnaround from last year’s $144m loss (which was due to a one-off good will impairment).

It also was able to pay down over $6m in debt due to earnings growth.

Gold explorers Ausgold (ASX:AUC), Toro Energy (ASX:TOE), Classic Minerals (ASX:CLZ) and Marmota (ASX:MEU) also nudged higher on interesting exploration results at their respective projects.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday February 27:

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

CODE	NAME	PRICE	% CHANGE	MARKET CAP
SBR	Sabre Resources	0.001	-33.33%	$852K
PCH	Property Connect	0.001	-33.33%	$686K
DVN	Devine	0.1	-28.57%	$15.9M
MEI	Meteoric Resources	0.02	-26.92%	$21.3M
ANL	Amani Gold	0.0015	-25.00%	$9.2M
TPD	Talon Petroleum	0.003	-20.00%	$3.6M
FTT	Factor Therapeutics	0.0025	-16.67%	$2.6M
DDD	3D Resources	0.0025	-16.67%	$3.5M
AGE	Alligator Energy	0.0025	-16.67%	$3.5M
IGN	Ignite	0.02	-15.79%	$1.4M
SGC	SACGASCO	0.02	-14.29%	$6.5M
GNM	Great Northern Minerals	0.006	-14.29%	$2.1M
SEI	Speciality Metals International	0.03	-13.16%	$32.5M
EM1	Emerge Gaming	0.007	-12.50%	$4.6M
AWN	Arowana International	0.1	-12.50%	$16.6M
GBR	Great Boulder Resources	0.04	-12.50%	$4.7M
G1A	Galena Mining	0.22	-12.24%	$82.9M
CHN	Chalice Gold Mines	0.23	-11.54%	$64.4M
RXL	Rox Resources	0.02	-11.54%	$33.5M

Brazilian gold explorer Meteoric Resources (ASX:MEI) wasn’t as fortunate as its counterparts, plummeting ~27 per cent on some not-so-good drilling results at the Novo Astro project.