Anson Resources And 2 Other ASX Penny Stocks To Watch

The Australian market has recently seen a slight decline, with the ASX200 down 0.32%, driven by underperformance in sectors like Consumer Staples and Utilities. Despite these fluctuations, investors often seek opportunities in penny stocks, which can offer growth potential at lower price points. These smaller or newer companies may still hold significant promise when backed by strong financials and fundamentals, making them an intriguing area for those looking to uncover hidden value.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
LaserBond (ASX:LBL)	A$0.615	A$72.09M	★★★★★★
Embark Early Education (ASX:EVO)	A$0.785	A$144.03M	★★★★☆☆
MaxiPARTS (ASX:MXI)	A$1.895	A$104.82M	★★★★★★
Helloworld Travel (ASX:HLO)	A$1.745	A$281.08M	★★★★★★
Austin Engineering (ASX:ANG)	A$0.52	A$322.48M	★★★★★☆
Navigator Global Investments (ASX:NGI)	A$1.69	A$828.23M	★★★★★☆
Perenti (ASX:PRN)	A$1.17	A$1.08B	★★★★★★
Atlas Pearls (ASX:ATP)	A$0.145	A$63.17M	★★★★★★
GTN (ASX:GTN)	A$0.465	A$91.13M	★★★★★★
Joyce (ASX:JYC)	A$4.22	A$124.48M	★★★★★★

Click here to see the full list of 1,033 stocks from our ASX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Anson Resources (ASX:ASN)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Anson Resources Limited is a critical minerals company focused on the exploration and development of natural resources in the United States and Australia, with a market cap of A$101.56 million.

Operations: Anson Resources Limited has not reported any specific revenue segments.

Market Cap: A$101.56M

Anson Resources Limited, with a market cap of A$101.56 million, remains pre-revenue and unprofitable, having reported a net loss of A$9.84 million for the year ending June 30, 2024. Despite its financial challenges, Anson has more cash than debt and recently raised A$2.25 million through equity offerings to bolster its cash runway. The company is advancing its Green River lithium project in Utah after securing regulatory approval to extract brine, positioning itself as a potential key player in the U.S.'s clean lithium production sector using environmentally sustainable Direct Lithium Extraction technology.

• Take a closer look at Anson Resources' potential here in our financial health report.
• Explore Anson Resources' analyst forecasts in our growth report.

Delorean (ASX:DEL)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Delorean Corporation Limited operates in the renewable energy and waste management sectors across Australia and New Zealand, with a market cap of A$34.14 million.

Operations: The company's revenue is derived from three main segments: Engineering (A$26.56 million), Energy Retail (A$0.08 million), and Infrastructure (A$1.24 million).

Market Cap: A$34.14M

Delorean Corporation Limited, with a market cap of A$34.14 million, operates in the renewable energy sector and has recently achieved profitability, reporting net income of A$4.77 million for the year ending June 30, 2024. Despite shareholder dilution over the past year and high share price volatility, Delorean's financials show strength with more cash than debt and robust interest coverage by EBIT. The company’s short-term assets fall short of covering its short-term liabilities; however, its operating cash flow sufficiently covers its debt obligations. Additionally, Delorean's return on equity is outstanding at 54.4%.

• Click here to discover the nuances of Delorean with our detailed analytical financial health report.
• Evaluate Delorean's historical performance by accessing our past performance report.

Pacific Smiles Group (ASX:PSQ)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Pacific Smiles Group Limited operates dental centers in Australia under the Pacific Smiles Dental Centres and Nib Dental Care Centres brands, with a market cap of A$305.60 million.

Operations: The company generates revenue of A$180.30 million from its dental sector operations in Australia.

Market Cap: A$305.6M

Pacific Smiles Group, with a market cap of A$305.60 million, has shown significant earnings growth of 232.1% over the past year, despite a five-year average decline in earnings. The company is debt-free and maintains high-quality earnings; however, its short-term assets do not cover its short- or long-term liabilities. Recent executive changes include the appointment of Gary Carroll as Director and Brent Cubis as Non-Executive Director and Chair of the Audit & Risk Committee. Despite board transitions and management shifts, Pacific Smiles continues to deliver dividends but faces challenges in covering them with current earnings.

• Unlock comprehensive insights into our analysis of Pacific Smiles Group stock in this financial health report.
• Review our growth performance report to gain insights into Pacific Smiles Group's future.

Key Takeaways

• Discover the full array of 1,033 ASX Penny Stocks right here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Ready To Venture Into Other Investment Styles?

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• Find companies with promising cash flow potential yet trading below their fair value.

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.

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