Three ASX Penny Stocks with Market Capitalizations of Up to A$700 Million

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Aug 18 2025

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Source: Yahoo Finance

Market Overview: Australian shares have seen a slight decline due to cautious investor sentiment, following strong previous advances and the anticipation of key financial reports.
Penny Stocks Potential: Penny stocks, representing smaller or newer companies, are highlighted as intriguing investment opportunities that can offer surprising value and growth potential if backed by solid financial fundamentals.
Company Highlights: Chalice Mining Limited is noted for its debt-free status and significant cash runway despite being unprofitable, while IPD Group Limited shows financial stability with substantial revenue streams and impressive earnings growth.
Retail Food Group Performance: Retail Food Group has recently achieved profitability and trades significantly below its estimated fair value, although it faces challenges with long-term liabilities despite robust debt management.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.