3 ASX Penny Stocks With Market Caps Under A$3B

Simply Wall St.10-21

The Australian market has shown a positive start to the week, with the ASX200 closing up 0.74% at 8,344 points, buoyed by a rebound in iron prices and record-high gold prices. For investors interested...

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For investors interested...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-asx-penny-stocks-market-063150385.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 ASX Penny Stocks With Market Caps Under A$3B</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 ASX Penny Stocks With Market Caps Under A$3B\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-21 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/3-asx-penny-stocks-market-063150385.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Australian market has shown a positive start to the week, with the ASX200 closing up 0.74% at 8,344 points, buoyed by a rebound in iron prices and record-high gold prices. For investors interested...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-asx-penny-stocks-market-063150385.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7132","symbol_name":"教育服务","start_time":0,"source_url":"https://finance.yahoo.com/news/3-asx-penny-stocks-market-063150385.html","article_id":"2477883473","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1W2Igu0.nhgjE8NeoLBgXg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/590bd73c4f469217441156accbe686a8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477883473","pubTimestamp":1729492310,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"The Australian market has shown a positive start to the week, with the ASX200 closing up 0.74% at 8,344 points, buoyed by a rebound in iron prices and record-high gold prices. For investors interested in exploring beyond the big names, penny stocks—often smaller or newer companies—continue to offer intriguing opportunities despite their somewhat outdated label. These stocks can present potential for significant returns when backed by solid financials and strategic positioning within their industries.Overview: Genesis Minerals Limited focuses on the exploration, production, and development of gold deposits in Western Australia, with a market capitalization of A$2.60 billion.Take a closer look at Genesis Minerals' potential here in our financial health report.Examine Genesis Minerals' earnings growth report to understand how analysts expect it to perform.Ora Banda Mining Limited has recently achieved profitabilit","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7132":"教育服务","BK7045":"广告","ATP.AU":"ATLAS PEARLS LTD","BK7070":"酒店、度假村与豪华游轮","EVO.AU":"EMBARK EARLY EDUCATION LTD","GMD.AU":"Genesis Minerals Ltd","BK7506":"金矿股","MXI.AU":"MaxiParts Limited","HLO.AU":"Helloworld Travel Ltd","NGI.AU":"NAVIGATOR GLOBAL INVESTMENTS","BK7131":"服装、服饰与奢侈品","BK7062":"资产管理与托管银行","BK7088":"工业机械","ANG.AU":"AUSTIN ENGINEERING LTD","LBL.AU":"LASERBOND LTD","JYC.AU":"JOYCE CORPORATION LIMITED","XKO.AU":"标普/澳交所 300指数","RMS.AU":"RAMELIUS RESOURCES LTD","BK7107":"家庭装饰零售","WAF.AU":"WEST AFRICAN RESOURCES LTD","GTN.AU":"GTN LTD","BK7077":"建筑机械与重型卡车","BK7104":"黄金","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数","BK7502":"大麻概念","OBM.AU":"ORA BANDA MINING LTD"},"translate_title":"3只市值低于30亿澳元的ASX细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATP.AU":1,"WAF.AU":1,"RMS.AU":1,"OBM.AU":1,"NGI.AU":1,"MXI.AU":1,"LBL.AU":1,"JYC.AU":1,"HLO.AU":1,"GTN.AU":1,"EVO.AU":1,"ANG.AU":1,"GMD.AU":0.9,"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"The Australian market has shown a positive start to the week, with the ASX200 closing up 0.74% at 8,344 points, buoyed by a rebound in iron prices and record-high gold prices. For investors interested in exploring beyond the big names, penny stocks—often smaller or newer companies—continue to offer intriguing opportunities despite their somewhat outdated label. These stocks can present potential for significant returns when backed by solid financials and strategic positioning within their industries.\nTop 10 Penny Stocks In Australia\n\n\n\nName\nShare Price\nMarket Cap\nFinancial Health Rating\n\n\nLaserBond (ASX:LBL)\nA$0.555\nA$63.88M\n★★★★★★\n\n\nEmbark Early Education (ASX:EVO)\nA$0.805\nA$127.64M\n★★★★☆☆\n\n\nMaxiPARTS (ASX:MXI)\nA$1.895\nA$104.82M\n★★★★★★\n\n\nAustin Engineering (ASX:ANG)\nA$0.50\nA$303.87M\n★★★★★☆\n\n\nHelloworld Travel (ASX:HLO)\nA$1.865\nA$298M\n★★★★★★\n\n\nNavigator Global Investments (ASX:NGI)\nA$1.72\nA$838.04M\n★★★★★☆\n\n\nWest African Resources (ASX:WAF)\nA$1.71\nA$1.82B\n★★★★★★\n\n\nAtlas Pearls (ASX:ATP)\nA$0.13\nA$56.64M\n★★★★★★\n\n\nGTN (ASX:GTN)\nA$0.47\nA$93.09M\n★★★★★★\n\n\nJoyce (ASX:JYC)\nA$3.93\nA$114.45M\n★★★★★★\n\n\n\nClick here to see the full list of 1,026 stocks from our ASX Penny Stocks screener.\nLet's uncover some gems from our specialized screener.\nGenesis Minerals\nSimply Wall St Financial Health Rating: ★★★★★☆\nOverview: Genesis Minerals Limited focuses on the exploration, production, and development of gold deposits in Western Australia, with a market capitalization of A$2.60 billion.\nOperations: The company generates revenue of A$438.59 million from its mineral production, exploration, and development activities.\nMarket Cap: A$2.6B\nGenesis Minerals has transitioned to profitability, reporting net income of A$84 million for the year ending June 2024, a significant turnaround from a net loss the previous year. The company’s revenue surged to A$438.59 million, reflecting its growing operational scale in gold production. Despite shareholder dilution and a low return on equity of 8.4%, Genesis maintains strong financial health with short-term assets exceeding liabilities and debt well-covered by operating cash flow. Recent executive changes include Joanne Steer as Company Secretary, indicating strategic realignment in governance as the company continues its growth trajectory in Western Australia’s mining sector.\n\nTake a closer look at Genesis Minerals' potential here in our financial health report.\nExamine Genesis Minerals' earnings growth report to understand how analysts expect it to perform.\n\n\n\n\n  ASX:GMD Financial Position Analysis as at Oct 2024\n \n\nOra Banda Mining\nSimply Wall St Financial Health Rating: ★★★★☆☆\nOverview: Ora Banda Mining Limited focuses on the exploration, operation, and development of mineral properties in Australia with a market cap of A$1.50 billion.\nOperations: The company's revenue is primarily generated from its gold mining operations, amounting to A$214.24 million.\nMarket Cap: A$1.5B\nOra Banda Mining Limited has recently achieved profitability, reporting a net income of A$27.57 million for the fiscal year ending June 2024, reversing a previous net loss. Revenue increased to A$214.24 million, indicating growth in its gold mining operations. Despite this progress, the company faces challenges such as shareholder dilution and short-term liabilities exceeding assets by A$11.1 million. However, debt is well-covered by operating cash flow and interest payments are adequately managed with EBIT coverage at 7.8 times interest expenses. Recent management changes include appointing Doug Warden as CFO to bolster financial leadership amidst ongoing strategic developments.\n\nClick here to discover the nuances of Ora Banda Mining with our detailed analytical financial health report.\nLearn about Ora Banda Mining's future growth trajectory here.\n\n\n\n\n  ASX:OBM Revenue & Expenses Breakdown as at Oct 2024\n \n\nRamelius Resources\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: Ramelius Resources Limited is involved in the exploration, evaluation, mine development and operation, production, and sale of gold, with a market cap of A$2.77 billion.\nOperations: The company's revenue is derived from its operations at Edna May, contributing A$399.34 million, and Mt Magnet, generating A$483.23 million.\nMarket Cap: A$2.77B\nRamelius Resources has demonstrated significant growth, with earnings rising by a substantial 251.8% over the past year, surpassing industry averages. The company's strong financial position is highlighted by its debt-free status and sufficient short-term assets of A$547.2 million to cover both short-term (A$158.7 million) and long-term liabilities (A$106.2 million). Despite shareholder dilution due to a 2.8% increase in shares outstanding, Ramelius maintains high-quality earnings and improved net profit margins at 24.5%. Its price-to-earnings ratio of 13.2x suggests it may be undervalued compared to the broader Australian market average of 19.7x.\n\nGet an in-depth perspective on Ramelius Resources' performance by reading our balance sheet health report here.\nExplore Ramelius Resources' analyst forecasts in our growth report.\n\n\n\n\n  ASX:RMS Debt to Equity History and Analysis as at Oct 2024\n \n\nTurning Ideas Into Actions\n\nGain an insight into the universe of 1,026  ASX Penny Stocks by clicking here.\nHave a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.\nMaximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.\n\nContemplating Other Strategies?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nJump on the AI train with fast growing tech companies forging a new era of innovation.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nCompanies discussed in this article include ASX:GMD ASX:OBM and ASX:RMS.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477883473"}