3 ASX Penny Stocks With Market Caps Over A$50M To Watch

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As the Australian market closes out 2024 with a slight downturn, investors are reflecting on a year marked by profit-taking and sector fluctuations. Despite this, opportunities remain for those looking to explore beyond the well-trodden paths of large-cap stocks. Penny stocks, though an older term, still hold relevance as they often represent smaller or newer companies that can offer surprising value and potential growth when backed by strong financial health.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

Embark Early Education (ASX:EVO)

A$0.765

A$140.36M

★★★★☆☆

LaserBond (ASX:LBL)

A$0.56

A$65.64M

★★★★★★

SHAPE Australia (ASX:SHA)

A$2.88

A$238.78M

★★★★★★

Helloworld Travel (ASX:HLO)

A$1.955

A$318.31M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.51

A$316.27M

★★★★★☆

Navigator Global Investments (ASX:NGI)

A$1.72

A$842.94M

★★★★★☆

MaxiPARTS (ASX:MXI)

A$1.88

A$103.99M

★★★★★★

SKS Technologies Group (ASX:SKS)

A$1.59

A$205.65M

★★★★★★

Vita Life Sciences (ASX:VLS)

A$2.00

A$112.19M

★★★★★★

Servcorp (ASX:SRV)

A$4.90

A$483.46M

★★★★☆☆

Click here to see the full list of 1,053 stocks from our ASX Penny Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Alligator Energy

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

Overview: Alligator Energy Limited is involved in mineral exploration activities in Australia and Italy, with a market capitalization of A$131.70 million.

Operations: The company's revenue segment consists solely of Mining and Exploration, generating A$1.11 million.

Market Cap: A$131.7M

Alligator Energy Limited, with a market capitalization of A$131.70 million, is currently pre-revenue and unprofitable, generating only A$1.11 million from mining and exploration activities. The company has no debt and boasts a seasoned management team with an average tenure of 6.7 years, alongside an experienced board averaging 9.4 years in tenure. Alligator Energy's short-term assets of A$29.3 million comfortably cover both its short-term liabilities (A$1.7 million) and long-term liabilities (A$593,600). Despite stable weekly volatility over the past year at 7%, profitability isn't expected within the next three years according to analyst forecasts.

ASX:AGE Debt to Equity History and Analysis as at Dec 2024
ASX:AGE Debt to Equity History and Analysis as at Dec 2024

Experience Co

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

Overview: Experience Co Limited operates in the adventure tourism and leisure industry across Australia and New Zealand, with a market cap of A$98.47 million.