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The Australian market has shown resilience, with the ASX edging back towards 8,000 points following recent geopolitical developments and sector gains. Amidst these broader market movements, penny stocks continue to capture investor interest due to their potential for growth at lower price points. Though often overlooked, these smaller or newer companies can offer significant opportunities when backed by strong financial health and solid fundamentals.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
CTI Logistics (ASX:CLX) | A$1.60 | A$128.87M | ★★★★☆☆ |
MotorCycle Holdings (ASX:MTO) | A$2.09 | A$154.26M | ★★★★★★ |
EZZ Life Science Holdings (ASX:EZZ) | A$1.565 | A$73.83M | ★★★★★★ |
IVE Group (ASX:IGL) | A$2.45 | A$377.75M | ★★★★★☆ |
GTN (ASX:GTN) | A$0.61 | A$117.3M | ★★★★★★ |
West African Resources (ASX:WAF) | A$2.30 | A$2.62B | ★★★★★★ |
Bisalloy Steel Group (ASX:BIS) | A$3.40 | A$161.33M | ★★★★★★ |
Regal Partners (ASX:RPL) | A$1.825 | A$613.5M | ★★★★★★ |
SHAPE Australia (ASX:SHA) | A$2.96 | A$244.91M | ★★★★★★ |
NRW Holdings (ASX:NWH) | A$2.55 | A$1.17B | ★★★★★☆ |
Click here to see the full list of 987 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Johns Lyng Group
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Johns Lyng Group Limited offers integrated building services across Australia, New Zealand, and the United States, with a market capitalization of approximately A$605.86 million.
Operations: The company generates revenue primarily from Insurance Building and Restoration Services (A$1.05 billion), followed by Commercial Building Services (A$85.12 million) and Commercial Construction (A$11.90 million).
Market Cap: A$605.86M
Johns Lyng Group Limited, with a market cap of A$605.86 million, primarily generates revenue from Insurance Building and Restoration Services. Despite having high-quality earnings and satisfactory debt levels, the company faces challenges such as negative earnings growth over the past year and a dividend not well covered by free cash flows. Recent events include its removal from the S&P/ASX 200 Index and lowered earnings guidance for 2025, reflecting potential volatility concerns. The board has seen changes with Curt Mudd's retirement, impacting leadership dynamics further as Alison Terry assumes a key committee role.
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Take a closer look at Johns Lyng Group's potential here in our financial health report.
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Evaluate Johns Lyng Group's prospects by accessing our earnings growth report.
Metals X
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Metals X Limited is an Australian company focused on tin production, with a market cap of A$469.79 million.