3 Penny Stocks On The ASX With Market Caps Larger Than A$10M

In This Article:

The ASX200 has seen a slight uptick, rising 0.1% to 8,212 points as it recovers from previous losses, with the Staples sector leading the charge. In such a fluctuating market, identifying promising stocks requires a keen eye for financial robustness and potential growth. Penny stocks, though an older term, remain relevant as they often represent smaller companies that could offer unique opportunities for investors seeking both value and growth potential.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

LaserBond (ASX:LBL)

A$0.57

A$66.82M

★★★★★★

Embark Early Education (ASX:EVO)

A$0.795

A$126.84M

★★★★☆☆

MaxiPARTS (ASX:MXI)

A$1.825

A$100.95M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.50

A$310.07M

★★★★★☆

Helloworld Travel (ASX:HLO)

A$1.85

A$298M

★★★★★★

Navigator Global Investments (ASX:NGI)

A$1.70

A$833.14M

★★★★★☆

West African Resources (ASX:WAF)

A$1.715

A$1.95B

★★★★★★

Atlas Pearls (ASX:ATP)

A$0.135

A$58.82M

★★★★★★

GTN (ASX:GTN)

A$0.47

A$92.11M

★★★★★★

Joyce (ASX:JYC)

A$3.90

A$115.04M

★★★★★★

Click here to see the full list of 1,029 stocks from our ASX Penny Stocks screener.

Let's uncover some gems from our specialized screener.

Ridley

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

Overview: Ridley Corporation Limited operates in Australia, providing animal nutrition solutions, with a market capitalization of A$817.86 million.

Operations: The company's revenue is derived from two main segments: Bulk Stockfeeds, contributing A$886.59 million, and Packaged/Ingredients, generating A$376.31 million.

Market Cap: A$817.86M

Ridley Corporation Limited, with a market cap of A$817.86 million, operates in the animal nutrition sector and has shown significant earnings growth over the past five years. Despite a recent dip in earnings growth, Ridley's interest payments are well covered by EBIT, and its debt is adequately managed by operating cash flow. The company has reduced its debt-to-equity ratio from 56.7% to 46.4% over five years and maintains stable weekly volatility at 4%. Recent board changes include Dan Masters joining as a non-executive director, while a share buyback program aims to enhance shareholder value.

ASX:RIC Revenue & Expenses Breakdown as at Oct 2024
ASX:RIC Revenue & Expenses Breakdown as at Oct 2024

Shaver Shop Group

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

Overview: Shaver Shop Group Limited is a retailer of personal care and grooming products operating in Australia and New Zealand, with a market cap of A$166.39 million.

Operations: The company generates revenue from retail store sales of specialist personal grooming products amounting to A$219.37 million.