ASX Penny Stocks June Watchlist: CHN, TEA, WGN in Focus Across All Ordinaries

June 19, 2025 02:20 PM AEST | By Team Kalkine Media

ASX Penny Stocks June Watchlist: CHN, TEA, WGN in Focus Across All Ordinaries — Image source: Shutterstock

Chalice Mining (ASX:CHN) Maintains Debt-Free Position

Chalice Mining continues to operate as a mineral exploration and development entity, maintaining a debt-free balance sheet supported by short-term assets exceeding liabilities. While the company is yet to transition into revenue generation, its treasury position provides runway flexibility. The board and executive team possess an average tenure of multiple years, underscoring experience within the sector. The company’s fundamentals point to extended sustainability in operations as it executes on long-cycle exploration strategies.

CHN remains listed on the All Ordinaries index and serves as a key representative of early-phase mining companies with scalable project potential.

Tasmea (ASX:TEA) Delivers Profit Expansion and Dividend Activity

Tasmea provides maintenance, shutdown, and capital upgrade services, with a footprint concentrated across infrastructure and industrial sectors. The company has seen earnings improve in line with sector dynamics, benefitting from consistent project execution. It has also introduced a dividend announcement recently, contributing to visibility among ASX dividend stocks.

Despite holding a high debt level, Tasmea has managed interest expenses adequately while demonstrating upward movement in net margins. Earnings momentum has accelerated in tandem with demand across the construction value chain, adding a layer of operational resilience.

Wagners Holding (ASX:WGN) Ramps Up Materials and Project Services Revenue

Wagners Holding engages in the production and distribution of construction materials across key geographies including Australia, New Zealand, and Southeast Asia. Its operations are structured into multiple business units—ranging from traditional construction supplies to innovations like earth-friendly concrete and fibre technologies.

Financially, the company has shown marked improvement in earnings, accompanied by enhancements in net profit margin and reduced gearing. While short-term asset coverage of long-term obligations remains limited, its broader operational performance and debt refinement efforts are noteworthy.

WGN is tracked under the ASX 300, aligning it with peers that display consistent financial disclosures and ongoing expansion initiatives.

Sector Trends Support Broader Penny Stock Momentum

As external factors such as commodity price shifts and economic forecasts influence the broader market, niche players in mining, industrials, and logistics are seeing focused attention. Among these, Chalice Mining, Tasmea, and Wagners represent diverse yet structurally sound candidates navigating a complex environment with tailored business strategies and financial stewardship.

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