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The Australian market has experienced a relatively stable day, with the ASX200 closing at 7,760 points and sectors like Health Care leading gains. For investors interested in exploring beyond the well-known stocks, penny stocks offer intriguing opportunities. Although the term may seem outdated, these smaller or newer companies can present a mix of affordability and growth potential when backed by strong financials.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Financial Health Rating |
| CTI Logistics (ASX:CLX) | A$1.55 | A$120.92M | ★★★★☆☆ |
| MotorCycle Holdings (ASX:MTO) | A$2.04 | A$150.57M | ★★★★★★ |
| EZZ Life Science Holdings (ASX:EZZ) | A$1.50 | A$70.76M | ★★★★★★ |
| IVE Group (ASX:IGL) | A$2.36 | A$363.87M | ★★★★★☆ |
| GTN (ASX:GTN) | A$0.63 | A$121.16M | ★★★★★★ |
| Bisalloy Steel Group (ASX:BIS) | A$3.25 | A$154.21M | ★★★★★★ |
| Regal Partners (ASX:RPL) | A$1.88 | A$631.99M | ★★★★★★ |
| Southern Cross Electrical Engineering (ASX:SXE) | A$1.735 | A$458.51M | ★★★★★★ |
| NRW Holdings (ASX:NWH) | A$2.40 | A$1.1B | ★★★★★☆ |
| LaserBond (ASX:LBL) | A$0.385 | A$45.17M | ★★★★★★ |
Click here to see the full list of 983 stocks from our ASX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Aurelia Metals
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Aurelia Metals Limited is an Australian company involved in the exploration and production of mineral properties, with a market cap of A$406.22 million.
Operations: The company's revenue is derived from its operations at the Hera Mine (A$5.98 million), Peak Mine (A$245.13 million), and Dargues Mine (A$73.90 million).
Market Cap: A$406.22M
Aurelia Metals has shown a turnaround, becoming profitable recently with net income of A$17.95 million for the half year ending December 2024, compared to a loss previously. The company's operating cash flow significantly covers its debt, indicating strong financial management. However, its Return on Equity remains low at 4.3%, and interest coverage by EBIT is below optimal levels at 2.6 times. While short-term and long-term liabilities are well-covered by assets, the board and management team lack extensive experience, which could impact strategic decisions as the company navigates growth in a competitive industry environment.
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Take a closer look at Aurelia Metals' potential here in our financial health report.
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Assess Aurelia Metals' future earnings estimates with our detailed growth reports.
Chalice Mining
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Chalice Mining Limited is a mineral exploration and evaluation company with a market capitalization of A$408.48 million.