Three ASX penny stocks with market caps over A$20M have caught the attention of investors in recent weeks. These stocks may be considered risky due to their low share prices and small market capitalization, but they also have the potential for high returns.
The first penny stock on the list is Company A, which has a market cap of A$25M. Despite its low share price, Company A has been gaining traction in the market due to its innovative products and strong growth prospects.
The second penny stock to watch is Company B, with a market cap of A$22M. Company B has been making waves in its industry with a series of successful product launches and strategic partnerships.
Lastly, Company C rounds out the list with a market cap of A$21M. This penny stock has been steadily growing its market share and attracting investors with its promising financial performance.
Investing in penny stocks can be risky, but these three ASX companies show potential for growth and could be worth keeping an eye on for investors looking for high-risk, high-reward opportunities.