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As the Australian market shows signs of resilience with a positive start to the week, investors are keeping a close eye on global economic developments and their potential impacts on local indices. In this context, penny stocks—often representing smaller or newer companies—continue to capture interest for their affordability and growth potential. Despite being considered an outdated term by some, these stocks remain relevant as they can offer unique opportunities when backed by solid financials.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
Embark Early Education (ASX:EVO) | A$0.77 | A$141.28M | ★★★★☆☆ |
LaserBond (ASX:LBL) | A$0.565 | A$66.23M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.52 | A$322.48M | ★★★★★☆ |
SHAPE Australia (ASX:SHA) | A$2.86 | A$237.13M | ★★★★★★ |
SKS Technologies Group (ASX:SKS) | A$1.59 | A$249.92M | ★★★★★★ |
Vita Life Sciences (ASX:VLS) | A$1.915 | A$107.38M | ★★★★★★ |
Helloworld Travel (ASX:HLO) | A$1.99 | A$324.01M | ★★★★★★ |
MaxiPARTS (ASX:MXI) | A$1.90 | A$105.1M | ★★★★★★ |
Navigator Global Investments (ASX:NGI) | A$1.615 | A$791.48M | ★★★★★☆ |
Servcorp (ASX:SRV) | A$4.95 | A$488.39M | ★★★★☆☆ |
Click here to see the full list of 1,051 stocks from our ASX Penny Stocks screener.
Let's dive into some prime choices out of the screener.
AMCIL
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Amcil Limited is a publicly owned investment manager with a market cap of A$375.74 million.
Operations: The company's revenue is derived entirely from its investments, totaling A$10.13 million.
Market Cap: A$375.74M
AMCIL, with a market cap of A$375.74 million, is debt-free and boasts high-quality earnings, though recent negative earnings growth presents challenges. Its seasoned management team and stable weekly volatility are positives for investors seeking stability in penny stocks. However, the company's dividend yield of 3.38% is not well covered by earnings or free cash flows, posing sustainability concerns. Short-term assets cover short-term liabilities but fall short against long-term obligations. The firm's net profit margin has improved slightly to 73.8%, yet its return on equity remains low at 2.1%, indicating limited profitability enhancement potential.
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Navigate through the intricacies of AMCIL with our comprehensive balance sheet health report here.
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Evaluate AMCIL's historical performance by accessing our past performance report.
Energy Transition Minerals
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Energy Transition Minerals Ltd is engaged in mineral exploration and evaluation activities in Australia with a market cap of A$101.43 million.
Operations: The company's revenue segment is derived from Mineral Exploration and Evaluation, amounting to A$0.049 million.