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Brisbane Broncos And 2 Other Promising Penny Stocks On The ASX

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As the ASX200 edges up by 0.5% to 8,582 points, attention remains focused on the Reserve Bank of Australia's upcoming rate decision. Amidst these market dynamics, identifying promising investment opportunities becomes crucial. While 'penny stocks' might seem like a term from trading days gone by, they continue to represent potential in smaller or newer companies with solid financials and growth prospects.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

Embark Early Education (ASX:EVO)

A$0.79

A$144.95M

★★★★☆☆

LaserBond (ASX:LBL)

A$0.57

A$66.88M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$1.86

A$87.74M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.475

A$294.57M

★★★★★☆

IVE Group (ASX:IGL)

A$2.15

A$333.01M

★★★★☆☆

SHAPE Australia (ASX:SHA)

A$3.01

A$249.56M

★★★★★★

Bisalloy Steel Group (ASX:BIS)

A$3.40

A$162.87M

★★★★★★

Dusk Group (ASX:DSK)

A$1.065

A$66.32M

★★★★★★

GTN (ASX:GTN)

A$0.535

A$105.06M

★★★★★★

MaxiPARTS (ASX:MXI)

A$1.875

A$103.72M

★★★★★★

Click here to see the full list of 1,032 stocks from our ASX Penny Stocks screener.

Let's uncover some gems from our specialized screener.

Brisbane Broncos

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

Overview: Brisbane Broncos Limited manages and operates the Brisbane Broncos Rugby League Football Team in Australia, with a market cap of A$92.65 million.

Operations: The company generates its revenue primarily from Sports Management and Entertainment, amounting to A$58.67 million.

Market Cap: A$92.65M

Brisbane Broncos Limited, with a market cap of A$92.65 million, has demonstrated financial stability and growth potential in the penny stock segment. The company boasts significant earnings growth of 39.3% over the past year, surpassing its five-year average and industry benchmarks. Its net profit margins have improved to 10.7%, and it remains debt-free with sufficient short-term assets (A$31.1 million) covering both short- (A$13.1 million) and long-term liabilities (A$2.7 million). Although its Return on Equity is low at 13.3%, the stock trades significantly below estimated fair value, suggesting potential for future appreciation.

ASX:BBL Revenue & Expenses Breakdown as at Feb 2025
ASX:BBL Revenue & Expenses Breakdown as at Feb 2025

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$249.56 million.

Operations: The company generates its revenue primarily from the heavy construction segment, amounting to A$839.00 million.