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The Australian market has shown mixed performance, with the ASX200 slightly down and sectors like Information Technology and Real Estate leading gains. Penny stocks, though an old term, remain a relevant area for investors seeking growth opportunities at lower price points. By focusing on companies with strong balance sheets and solid fundamentals, these stocks can offer potential upside while minimizing some of the typical risks associated with this investment category.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
Embark Early Education (ASX:EVO) | A$0.775 | A$142.2M | ★★★★☆☆ |
LaserBond (ASX:LBL) | A$0.575 | A$67.4M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.54 | A$334.88M | ★★★★★☆ |
SHAPE Australia (ASX:SHA) | A$2.88 | A$238.78M | ★★★★★★ |
SKS Technologies Group (ASX:SKS) | A$1.59 | A$218.54M | ★★★★★★ |
Vita Life Sciences (ASX:VLS) | A$1.945 | A$109.06M | ★★★★★★ |
Helloworld Travel (ASX:HLO) | A$2.13 | A$346.8M | ★★★★★★ |
MaxiPARTS (ASX:MXI) | A$1.905 | A$105.38M | ★★★★★★ |
Servcorp (ASX:SRV) | A$4.91 | A$484.45M | ★★★★☆☆ |
IVE Group (ASX:IGL) | A$2.10 | A$325.27M | ★★★★☆☆ |
Click here to see the full list of 1,051 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
GTN
Simply Wall St Financial Health Rating: ★★★★★★
Overview: GTN Limited, along with its subsidiaries, operates broadcast media advertising platforms providing traffic and news information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil with a market cap of A$116.61 million.
Operations: GTN generates its revenue primarily from advertising, amounting to A$184.23 million.
Market Cap: A$116.61M
GTN Limited, with a market cap of A$116.61 million, has shown notable financial resilience as a penny stock. The company generates substantial revenue from advertising, amounting to A$184.23 million, and has improved its net profit margin from 1.5% to 3.1%. GTN's debt is well-covered by operating cash flow and short-term assets exceed both short- and long-term liabilities, indicating solid liquidity management. Despite a decline in earnings over the past five years, recent growth of 114.9% suggests a positive turnaround. However, the management team and board are relatively new with limited tenure experience which may impact strategic stability moving forward.
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Click here to discover the nuances of GTN with our detailed analytical financial health report.
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Evaluate GTN's prospects by accessing our earnings growth report.
Kairos Minerals
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Kairos Minerals Limited, with a market cap of A$36.83 million, is a resource exploration company operating in Australia through its subsidiaries.