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Market Cap: A$74.96M

Lunnon Metals, with a market cap of A$74.96 million, is focused on nickel and gold exploration but remains pre-revenue with minimal income from mineral exploration. The company is debt-free and maintains a cash runway exceeding one year under stable conditions, yet its share price has been highly volatile recently. Despite negative return on equity and increasing losses over five years, short-term assets significantly surpass liabilities. Recent executive changes include the resignation of CFO Hayden Bartrop amid challenging nickel market conditions, leading to deferred development plans for its nickel deposits while shifting focus to gold prospects in St Ives.

• Get an in-depth perspective on Lunnon Metals' performance by reading our balance sheet health report here.

• Gain insights into Lunnon Metals' future direction by reviewing our growth report.

MyState

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: MyState Limited, with a market cap of A$423.80 million, operates in Australia offering banking, trustee, and managed fund products and services through its subsidiaries.

Operations: The company's revenue is primarily derived from its Banking segment at A$135.47 million, supplemented by Wealth Management which contributes A$15.68 million.

Market Cap: A$423.8M

MyState Limited, with a market cap of A$423.80 million, derives most of its revenue from banking services, totaling A$135.47 million. Despite a slight decline in net income to A$35.29 million for the year ending June 2024, the company maintains an appropriate level of non-performing loans at 1% and has stable weekly volatility at 4%. The board is experienced with an average tenure of seven years, and management's tenure averages five years. MyState's price-to-earnings ratio is competitive at 12x compared to the broader Australian market average of 19.7x, reflecting potential value for investors seeking stability in penny stocks.

• Jump into the full analysis health report here for a deeper understanding of MyState.

• Understand MyState's earnings outlook by examining our growth report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:LGP ASX:LM8 and ASX:MYS.

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