Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now
ASX Penny Stocks Spotlight: Jatcorp Among 3 Promising Picks

In This Article:

The Australian stock market has shown resilience with the ASX200 closing up 0.18% at 8,300 points, driven by gains in sectors like Staples and Energy. While traditional sectors have performed well, there's a growing interest in exploring smaller-scale investments such as penny stocks. Although the term 'penny stocks' may seem outdated, these stocks often represent smaller or newer companies that can offer significant growth potential when backed by strong financials.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

LaserBond (ASX:LBL)

A$0.585

A$70.63M

★★★★★★

Embark Early Education (ASX:EVO)

A$0.80

A$146.79M

★★★★☆☆

Helloworld Travel (ASX:HLO)

A$2.02

A$332.15M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.54

A$337.98M

★★★★★☆

MaxiPARTS (ASX:MXI)

A$1.87

A$104.55M

★★★★★★

SHAPE Australia (ASX:SHA)

A$2.84

A$228.01M

★★★★★★

Navigator Global Investments (ASX:NGI)

A$1.66

A$825.78M

★★★★★☆

Perenti (ASX:PRN)

A$1.205

A$1.09B

★★★★★★

Atlas Pearls (ASX:ATP)

A$0.16

A$67.53M

★★★★★★

Servcorp (ASX:SRV)

A$5.00

A$486.42M

★★★★☆☆

Click here to see the full list of 1,041 stocks from our ASX Penny Stocks screener.

Let's review some notable picks from our screened stocks.

Jatcorp

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

Overview: Jatcorp Limited is involved in the production and sale of dairy and nutrient products in Australia, with a market capitalization of A$41.01 million.

Operations: The company generates revenue primarily from the trading of fast-moving consumer goods, amounting to A$52.46 million.

Market Cap: A$41.01M

Jatcorp Limited, with a market capitalization of A$41.01 million, has shown significant financial improvement by becoming profitable in the past year. The company reported sales of A$52.46 million for the full year ending June 30, 2024, up from A$36.88 million previously, and net income reached A$2.22 million compared to a loss of A$4.48 million the prior year. Jatcorp's interest payments are well-covered by EBIT and its debt is supported by operating cash flow, indicating solid financial management despite an inexperienced board with an average tenure of 2.1 years.

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

SHAPE Australia

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

Overview: SHAPE Australia Corporation Limited operates in the construction, fitout, and refurbishment of commercial properties across Australia with a market cap of A$228.01 million.

Operations: The company's revenue is primarily derived from its heavy construction segment, amounting to A$839.00 million.


Waiting for permission
Allow microphone access to enable voice search

Try again.