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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 Although the term 'penny stocks' may seem outdated, these stocks often represent smaller or newer companies that can offer significant growth potential when backed by strong financials.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.
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Take a closer look at Jatcorp's potential here in our financial health report.
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Review our historical performance report to gain insights into Jatcorp's track record.
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.