3 ASX Penny Stocks With Market Caps Under A$4B
The Australian market is facing a slight decline, prompting investors to focus on penny stocks with strong financial foundations. Notable picks include IGO Limited, Metals X Limited, and Stanmore Resources Limited, each with varying market caps and financial health ratings. IGO, with a market cap of A$3.57 billion, remains unprofitable but is debt-free. Metals X, valued at A$536.27 million, shows significant financial improvements, while Stanmore, with a market cap of A$2.09 billion, faces mixed financial prospects. Investors are encouraged to explore these opportunities amidst global economic developments.
Simplywall·