Three ASX Penny Stocks with Market Caps Up to A$2 Billion

January 24, 2025 02:28 PM AEDT | By Team Kalkine Media

Three ASX Penny Stocks with Market Caps Up to A$2 Billion

Highlighting Select Companies

Image Resources (ASX:IMA)

Image Resources NL, with a market capital of A$105.82 million, is a mineral sands mining company based in Western Australia. Though currently unprofitable and pre-revenue, the company has significantly improved its financial position by eliminating debt over the past five years. Despite these advancements, losses have grown by 33.2% annually over the past five years.

Explore Image Resources' financial health and historical performance in detail with our comprehensive analysis reports.

Liontown Resources (ASX:LTR)

Liontown Resources Limited focuses on the exploration and development of mineral properties and holds a market cap of A$1.60 billion. With a debt-to-equity ratio of 41.3%, the company maintains reasonable short-term financial standing. Despite a relatively new board, the team shows promise by successfully raising additional capital.

Gain insights into Liontown Resources' future earnings and financial prospects by accessing our detailed growth reports.

PolyNovo (ASX:PNV)

PolyNovo Limited, covered by a market cap of A$1.58 billion, specializes in designing and selling biodegradable medical devices globally. Recently, the company reported a significant uptick in revenue, indicating solid financial stability and future growth potential. Its short-term assets comfortably cover liabilities, showing robust financial health.

Investigate PolyNovo's financial and growth metrics further through our in-depth analysis reports.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.