Latest news with #CanyonResourcesLimited
Yahoo
6 days ago
- Business
- Yahoo
ASX Penny Stocks To Consider In May 2025
The Australian market has shown mixed performance, with the ASX200 closing up slightly at 8,409 points, driven by gains in the Energy and IT sectors. Despite some fluctuations across various sectors, investors continue to seek opportunities that can offer both stability and potential growth. Though penny stocks might seem like a term from yesteryear, they remain relevant for those looking to invest in smaller or newer companies with solid financials and promising prospects. Name Share Price Market Cap Financial Health Rating Lindsay Australia (ASX:LAU) A$0.71 A$225.19M ★★★★☆☆ CTI Logistics (ASX:CLX) A$1.85 A$149.01M ★★★★☆☆ Accent Group (ASX:AX1) A$1.865 A$1.12B ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.535 A$72.41M ★★★★★★ IVE Group (ASX:IGL) A$2.57 A$396.25M ★★★★★☆ GTN (ASX:GTN) A$0.60 A$114.54M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.54 A$167.97M ★★★★★★ Regal Partners (ASX:RPL) A$2.14 A$719.39M ★★★★★★ Tasmea (ASX:TEA) A$2.81 A$657.65M ★★★★★☆ Southern Cross Electrical Engineering (ASX:SXE) A$1.74 A$460.07M ★★★★★★ Click here to see the full list of 996 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Canyon Resources Limited, with a market cap of A$384 million, is involved in the exploration and development of mineral properties in West Africa. Operations: Canyon Resources Limited does not report separate revenue segments. Market Cap: A$383.99M Canyon Resources Limited, with a market cap of A$384 million, is pre-revenue and currently unprofitable. Its share price has been highly volatile over the past three months. The company has no debt and its short-term assets of A$15.8 million exceed its short-term liabilities of A$1.2 million, but it has less than a year of cash runway based on current free cash flow trends. Despite these challenges, Canyon was recently added to the S&P/ASX Emerging Companies Index and All Ordinaries Index, indicating some recognition within the investment community despite reporting an increased net loss for the recent half-year period. Unlock comprehensive insights into our analysis of Canyon Resources stock in this financial health report. Review our growth performance report to gain insights into Canyon Resources' future. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: EDU Holdings Limited, with a market cap of A$42.15 million, operates through its subsidiaries to provide tertiary education services in Australia. Operations: The company's revenue is derived from its subsidiaries, with Ikon Institute of Australia contributing A$28.05 million and Australian Learning Group Pty Limited generating A$14.13 million. Market Cap: A$42.15M EDU Holdings Limited, with a market cap of A$42.15 million, has recently achieved profitability and is trading significantly below its estimated fair value. The company's earnings have grown consistently over the past five years, supported by reduced debt levels and strong interest coverage. Despite this financial strength, EDU's share price remains highly volatile. Recent announcements include a substantial share buyback program aimed at reducing administrative costs and providing liquidity to shareholders before delisting. This buyback will be funded through existing cash reserves and a new debt facility, reflecting strategic financial management amidst planned corporate changes. Take a closer look at EDU Holdings' potential here in our financial health report. Understand EDU Holdings' track record by examining our performance history report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Tyro Payments Limited provides payment solutions to merchants in Australia and has a market cap of A$0.46 billion. Operations: Tyro's revenue is primarily generated from its Payments segment, which accounts for A$464.66 million, complemented by Banking at A$14.88 million. Market Cap: A$463.97M Tyro Payments Limited, with a market cap of A$0.46 billion, stands out in the penny stock arena due to its robust financial health and growth trajectory. The company is debt-free and has not diluted shareholders over the past year. Tyro's earnings have grown by 206.7% in the past year, significantly outpacing industry averages, although future earnings are expected to decline slightly by 2.6% annually over three years. With a price-to-earnings ratio of 15.1x below the Australian market average, Tyro presents potential value for investors despite its low return on equity of 14.2%. Click here to discover the nuances of Tyro Payments with our detailed analytical financial health report. Examine Tyro Payments' earnings growth report to understand how analysts expect it to perform. Unlock our comprehensive list of 996 ASX Penny Stocks by clicking here. Ready For A Different Approach? Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. 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. Companies discussed in this article include ASX:CAY ASX:EDU and ASX:TYR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
01-04-2025
- Business
- Yahoo
ASX Penny Stocks With Market Caps Over A$60M
The Australian market is poised for a rebound after a challenging start to the week, with ASX 200 futures indicating a potential rise alongside positive movements on Wall Street. In such fluctuating markets, discerning investors often look beyond established giants to explore opportunities in less conventional areas like penny stocks. Although the term may seem outdated, penny stocks represent smaller or newer companies that can offer intriguing prospects for growth and value when backed by strong financials and solid fundamentals. Name Share Price Market Cap Financial Health Rating CTI Logistics (ASX:CLX) A$1.61 A$125.6M ★★★★☆☆ Accent Group (ASX:AX1) A$1.795 A$1.02B ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.55 A$73.12M ★★★★★★ IVE Group (ASX:IGL) A$2.39 A$369.24M ★★★★★☆ GTN (ASX:GTN) A$0.61 A$119.79M ★★★★★★ West African Resources (ASX:WAF) A$2.32 A$2.64B ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.18 A$150.89M ★★★★★★ Regal Partners (ASX:RPL) A$2.29 A$768.06M ★★★★★★ NRW Holdings (ASX:NWH) A$2.75 A$1.26B ★★★★★☆ LaserBond (ASX:LBL) A$0.38 A$44.59M ★★★★★★ Click here to see the full list of 966 stocks from our ASX Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Canyon Resources Limited, along with its subsidiaries, focuses on the exploration and development of mineral properties in West Africa and has a market capitalization of A$327.10 million. Operations: Canyon Resources Limited does not report any specific revenue segments. Market Cap: A$327.1M Canyon Resources is a pre-revenue company focused on developing its Minim Martap Bauxite Project in Cameroon. Despite having less than a year of cash runway, the company is debt-free and has short-term assets exceeding liabilities by A$14.6 million. Recent developments include its addition to the S&P/ASX All Ordinaries and Emerging Companies Indexes, reflecting growing market recognition. The upcoming Definitive Feasibility Study aims to confirm project viability, with strategic partnerships being pursued for long-term sales agreements. However, management changes indicate an evolving leadership team as Canyon progresses towards potential production by 2026. Get an in-depth perspective on Canyon Resources' performance by reading our balance sheet health report here. Evaluate Canyon Resources' historical performance by accessing our past performance report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Dusk Group Limited operates as a retailer of scented and unscented candles, home decor, home fragrances, and gift solutions in Australia with a market cap of A$69.74 million. Operations: The company's revenue is primarily generated from retail sales in the home fragrances and accessories segment, amounting to A$136.31 million. Market Cap: A$69.74M Dusk Group Limited, with a market cap of A$69.74 million, has shown resilience in the competitive retail sector despite recent challenges. The company reported half-year sales of A$87.39 million, an increase from the previous year, and net income rose to A$9.55 million. However, earnings growth has been negative over the past year at -9.7%, and profit margins have slightly decreased to 4.2%. Dusk is debt-free and maintains strong short-term asset coverage over liabilities (A$56.5M vs A$36.2M). Recently announced dividends highlight shareholder returns but remain inadequately covered by earnings due to profitability pressures. Click to explore a detailed breakdown of our findings in Dusk Group's financial health report. Examine Dusk Group's earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Perenti Limited is a global mining services company with a market capitalization of A$1.24 billion. Operations: Perenti's revenue is primarily derived from Contract Mining Services, which accounts for A$2.50 billion, followed by Drilling Services at A$750.65 million and Mining Services and Idoba contributing A$229.77 million. Market Cap: A$1.24B Perenti Limited, with a market cap of A$1.24 billion, is navigating the mining services sector with mixed results. While its debt is well covered by operating cash flow and short-term assets exceed liabilities, recent earnings have declined compared to the previous year. The company has shown significant profit growth over five years but faced negative earnings growth in the past year. Return on equity remains low at 5.6%, and profit margins have dipped to 2.5%. Despite these challenges, Perenti increased its dividend from 2 cents to 3 cents per share, reflecting confidence in future cash generation potential. Jump into the full analysis health report here for a deeper understanding of Perenti. Explore Perenti's analyst forecasts in our growth report. Discover the full array of 966 ASX Penny Stocks right here. Ready To Venture Into Other Investment Styles? We've found 21 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. 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. Companies discussed in this article include ASX:CAY ASX:DSK and ASX:PRN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
