GWA Group And 2 Other Exciting Penny Stocks On The ASX

In This Article:

As the Australian market holds steady with the ASX200 trading flat at 8,210 points, investors are keenly watching upcoming economic indicators and international events. In such a climate, penny stocks—though a somewhat outdated term—remain an intriguing option for those seeking potential value in smaller or newer companies. By focusing on those with strong financials and growth potential, investors may uncover opportunities that larger firms might overlook.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

LaserBond (ASX:LBL)

A$0.62

A$72.68M

★★★★★★

Embark Early Education (ASX:EVO)

A$0.80

A$127.64M

★★★★☆☆

Helloworld Travel (ASX:HLO)

A$1.78

A$286.72M

★★★★★★

MaxiPARTS (ASX:MXI)

A$1.895

A$104.82M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.57

A$353.48M

★★★★★☆

Navigator Global Investments (ASX:NGI)

A$1.685

A$825.78M

★★★★★☆

GTN (ASX:GTN)

A$0.47

A$92.11M

★★★★★★

Joyce (ASX:JYC)

A$3.98

A$117.4M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$3.40

A$151.04M

★★★★★★

Atlas Pearls (ASX:ATP)

A$0.13

A$56.64M

★★★★★★

Click here to see the full list of 1,028 stocks from our ASX Penny Stocks screener.

Here's a peek at a few of the choices from the screener.

GWA Group

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

Overview: GWA Group Limited is involved in the research, design, manufacture, importation, and marketing of building fixtures and fittings for residential and commercial properties across Australia, New Zealand, and international markets with a market cap of A$641.80 million.

Operations: The company generates revenue from its Water Solutions segment, which reported A$413.49 million.

Market Cap: A$641.8M

GWA Group Limited, with a market cap of A$641.80 million, operates in the building fixtures sector and has shown mixed performance indicators relevant to penny stock investors. The company's revenue from its Water Solutions segment was A$413.49 million, but recent earnings growth has been negative at -10.5%. Despite this, GWA's debt management is strong with a reduced debt-to-equity ratio and interest well-covered by EBIT. Short-term assets exceed liabilities; however, long-term liabilities are not fully covered by short-term assets. The dividend yield of 6.61% is not well supported by earnings, raising concerns about sustainability amidst declining profit margins and executive changes on the horizon.

ASX:GWA Financial Position Analysis as at Oct 2024
ASX:GWA Financial Position Analysis as at Oct 2024

Metarock Group

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

Overview: Metarock Group Limited offers mine operation, contracting, training, and related services within the mining and supporting industries in Australia with a market cap of A$55.61 million.