Unlock stock picks and a broker-level newsfeed that powers Wall Street.

ASX Penny Stocks To Consider In November 2024

In This Article:

The Australian market has shown resilience, with the ASX200 up around 1% to 8,210 points as sectors across the board gain ground amid ongoing US election developments. Penny stocks, while considered a niche area of investment today, still present intriguing opportunities for growth in smaller or newer companies. When backed by strong financial health, these stocks can offer a blend of value and potential that may appeal to investors looking for under-the-radar opportunities.

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$0.595

A$69.75M

★★★★★★

Helloworld Travel (ASX:HLO)

A$1.765

A$287.37M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.52

A$322.48M

★★★★★☆

Navigator Global Investments (ASX:NGI)

A$1.63

A$798.83M

★★★★★☆

Perenti (ASX:PRN)

A$1.155

A$1.07B

★★★★★★

Atlas Pearls (ASX:ATP)

A$0.14

A$61M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$3.19

A$141.71M

★★★★★★

Joyce (ASX:JYC)

A$4.33

A$129.2M

★★★★★★

MaxiPARTS (ASX:MXI)

A$1.885

A$104.27M

★★★★★★

Click here to see the full list of 1,035 stocks from our ASX Penny Stocks screener.

Let's uncover some gems from our specialized screener.

EcoGraf

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

Overview: EcoGraf Limited focuses on the exploration and production of graphite products for the lithium-ion battery and advanced manufacturing markets in Tanzania and Australia, with a market cap of A$37.23 million.

Operations: The company's revenue segment is solely from Australia, amounting to A$3.49 million.

Market Cap: A$37.23M

EcoGraf Limited, with a market cap of A$37.23 million, is pre-revenue and focuses on graphite production for battery markets in Tanzania and Australia. Recent developments include completing the design for a 73,000 tpa graphite processing plant in Tanzania, enhancing project viability. The company is debt-free with sufficient cash runway exceeding one year based on current free cash flow. However, it remains unprofitable with declining earnings over five years at an annual rate of 18.4%. While short-term assets cover liabilities comfortably, management's limited tenure suggests potential challenges ahead as they navigate growth strategies.

ASX:EGR Financial Position Analysis as at Nov 2024
ASX:EGR Financial Position Analysis as at Nov 2024

Sarytogan Graphite

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

Overview: Sarytogan Graphite Limited is involved in the exploration of graphite properties and has a market capitalization of A$16.36 million.