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Agency Group Australia And 2 More Promising ASX Penny Stocks

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The ASX200 is set to open 0.46% higher today, reflecting a mixed night on the US stock market after inflation figures matched expectations, suggesting stability in global economic conditions. For investors looking beyond established giants, penny stocks—often representing smaller or newer companies—can still offer intriguing opportunities despite being an outdated term. By focusing on those with strong financials and growth potential, investors may find promising options among these lesser-known stocks.

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$0.6075

A$71.21M

★★★★★★

Helloworld Travel (ASX:HLO)

A$1.93

A$314.24M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.55

A$341.08M

★★★★★☆

MaxiPARTS (ASX:MXI)

A$1.87

A$103.44M

★★★★★★

SHAPE Australia (ASX:SHA)

A$2.75

A$228.01M

★★★★★★

Navigator Global Investments (ASX:NGI)

A$1.645

A$806.18M

★★★★★☆

Perenti (ASX:PRN)

A$1.17

A$1.08B

★★★★★★

West African Resources (ASX:WAF)

A$1.49

A$1.7B

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$3.00

A$133.27M

★★★★★★

Click here to see the full list of 1,036 stocks from our ASX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Agency Group Australia

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

Overview: The Agency Group Australia Limited operates in the real estate sector within Australia and has a market capitalization of A$10.71 million.

Operations: The company's revenue is primarily derived from Real Estate Property Services, generating A$87.06 million, and Mortgage Origination Services, contributing A$0.88 million.

Market Cap: A$10.71M

Agency Group Australia Limited, with a market cap of A$10.71 million, operates in the real estate sector and reported A$87.97 million in sales for the year ended June 2024. Despite this revenue growth from A$76.93 million the previous year, it remains unprofitable with a net loss of A$4.89 million. The company has managed to reduce its debt-to-equity ratio significantly over five years and maintains a cash runway exceeding three years due to positive free cash flow growth. However, short-term liabilities exceed short-term assets, indicating potential liquidity concerns amidst share price volatility.

ASX:AU1 Debt to Equity History and Analysis as at Nov 2024
ASX:AU1 Debt to Equity History and Analysis as at Nov 2024

Castile Resources

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

Overview: Castile Resources Limited is an Australian company focused on mineral exploration and project development, with a market cap of A$21.05 million.