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The Australian market has shown resilience with the ASX200 up 0.5% at 8,445 points, despite global trade tensions following the U.S. consideration of tariffs on China. As investors navigate these market dynamics, penny stocks continue to capture attention for their potential to offer both affordability and growth opportunities. Although considered a somewhat outdated term, penny stocks still highlight smaller or less-established companies that may provide value when backed by strong financials and clear growth prospects.
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$0.59 | A$69.16M | ★★★★★★ |
SHAPE Australia (ASX:SHA) | A$2.91 | A$241.27M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.52 | A$322.48M | ★★★★★☆ |
GTN (ASX:GTN) | A$0.555 | A$108.99M | ★★★★★★ |
MaxiPARTS (ASX:MXI) | A$1.95 | A$107.87M | ★★★★★★ |
Helloworld Travel (ASX:HLO) | A$1.975 | A$321.56M | ★★★★★★ |
Servcorp (ASX:SRV) | A$5.00 | A$493.36M | ★★★★☆☆ |
IVE Group (ASX:IGL) | A$2.13 | A$329.91M | ★★★★☆☆ |
Centrepoint Alliance (ASX:CAF) | A$0.325 | A$64.64M | ★★★★★☆ |
Click here to see the full list of 1,027 stocks from our ASX Penny Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Boom Logistics
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Boom Logistics Limited offers lifting solutions across various sectors including mining, infrastructure, and energy in Australia and the Pacific region, with a market cap of A$54.93 million.
Operations: The company's revenue is primarily derived from its Lifting Solutions segment, which generated A$259.23 million.
Market Cap: A$54.93M
Boom Logistics Limited, with a market cap of A$54.93 million, has shown profitability growth over the past five years, achieving an annual earnings increase of 49.3%. The company's debt is well covered by operating cash flow at 272.1%, and its debt to equity ratio has improved significantly from 28.3% to 12% over five years. However, short-term assets do not fully cover short-term liabilities (A$68.2M), and interest payments are not well covered by EBIT (2.1x). Trading at a significant discount below its estimated fair value, Boom's recent adoption of a new constitution reflects ongoing corporate governance updates.
GR Engineering Services
Simply Wall St Financial Health Rating: ★★★★★★
Overview: GR Engineering Services Limited offers engineering, procurement, and construction services to the mining and mineral processing sectors both in Australia and globally, with a market cap of A$453.08 million.