3 ASX Penny Stocks With Market Caps Over A$100M

The Australian market has experienced significant volatility, influenced by global economic factors such as tariffs and fluctuating commodity prices. Amidst these turbulent times, investors might find opportunities in penny stocks—often smaller or newer companies—that can offer unique value propositions. While the term "penny stock" may seem outdated, these investments continue to hold relevance when backed by strong financials, presenting potential growth opportunities for those willing to explore beyond the mainstream.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
Regal Partners (ASX:RPL)	A$3.16	A$1.06B	★★★★★★
EZZ Life Science Holdings (ASX:EZZ)	A$1.75	A$82.55M	★★★★★★
GTN (ASX:GTN)	A$0.545	A$107.02M	★★★★★★
IVE Group (ASX:IGL)	A$2.38	A$368.64M	★★★★★☆
Bisalloy Steel Group (ASX:BIS)	A$3.26	A$156.17M	★★★★★★
SHAPE Australia (ASX:SHA)	A$2.82	A$233.32M	★★★★★★
MotorCycle Holdings (ASX:MTO)	A$1.995	A$147.24M	★★★★★★
NRW Holdings (ASX:NWH)	A$2.85	A$1.3B	★★★★★☆
CTI Logistics (ASX:CLX)	A$1.73	A$134.96M	★★★★☆☆
Accent Group (ASX:AX1)	A$1.98	A$1.12B	★★★★☆☆

Click here to see the full list of 1,016 stocks from our ASX Penny Stocks screener.

Let's review some notable picks from our screened stocks.

American Rare Earths (ASX:ARR)

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

Overview: American Rare Earths Limited focuses on the exploration and development of mineral resources in Australia and the United States, with a market cap of A$146.96 million.

Operations: There are no reported revenue segments for the company.

Market Cap: A$146.96M

American Rare Earths Limited, with a market cap of A$146.96 million, is pre-revenue and debt-free, focusing on its Halleck Creek Rare Earth Project in Wyoming. Recent developments include a significant resource update to 2.63 billion tonnes at 3,292 ppm TREO, reinforcing its position as one of the largest rare earth deposits in North America. The project benefits from cost-efficient open-pit mining and streamlined permitting processes due to its location on Wyoming State land. Ongoing metallurgical test work aims to optimize processing techniques further, potentially enhancing project economics as it progresses towards a Pre-Feasibility Study completion this year.

• Unlock comprehensive insights into our analysis of American Rare Earths stock in this financial health report.
• Assess American Rare Earths' previous results with our detailed historical performance reports.

Bisalloy Steel Group (ASX:BIS)

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

Overview: Bisalloy Steel Group Limited manufactures and sells quenched and tempered, high-tensile, and abrasion-resistant steel plates in Australia, Indonesia, Thailand, and internationally with a market cap of A$156.17 million.

Operations: No specific revenue segments are reported for Bisalloy Steel Group.

Market Cap: A$156.17M

Bisalloy Steel Group Limited, with a market cap of A$156.17 million, demonstrates financial stability and growth potential in the penny stock domain. Recent earnings for the half-year ended December 31, 2024, show sales of A$70.94 million and net income of A$8.73 million, reflecting slight improvements from the previous year. The company has effectively managed its debt levels with a strong reduction to a debt-to-equity ratio of 3.6% over five years and maintains high-quality earnings supported by robust operating cash flow coverage (900.9%). Its return on equity stands at an impressive 21.7%, indicating efficient profit generation relative to shareholder equity.

• Get an in-depth perspective on Bisalloy Steel Group's performance by reading our balance sheet health report here.
• Evaluate Bisalloy Steel Group's prospects by accessing our earnings growth report.

GreenX Metals (ASX:GRX)

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

Overview: GreenX Metals Limited focuses on the exploration and evaluation of mineral properties in Greenland, Poland, and Germany with a market cap of A$218.31 million.

Operations: The company generates revenue of A$0.46 million from its mineral exploration activities.

Market Cap: A$218.31M

GreenX Metals Limited, with a market cap of A$218.31 million, operates as a pre-revenue entity in the mineral exploration sector across Greenland, Poland, and Germany. Despite its unprofitability and negative return on equity of -30.06%, the company maintains financial stability with no debt over the past five years and short-term assets (A$7.4M) covering both short-term (A$1.8M) and long-term liabilities (A$277.4K). The seasoned management team boasts an average tenure of 11.8 years, while stable weekly volatility at 5% indicates consistent stock performance amidst potential growth opportunities in mineral exploration activities.

• Jump into the full analysis health report here for a deeper understanding of GreenX Metals.
• Explore historical data to track GreenX Metals' performance over time in our past results report.

Key Takeaways

• Unlock more gems! Our ASX Penny Stocks screener has unearthed 1,013 more companies for you to explore.Click here to unveil our expertly curated list of 1,016 ASX Penny Stocks.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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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