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After a challenging start to the week, the Australian market is showing signs of recovery, with ASX 200 futures indicating a potential rise. In this context, investors often look for opportunities in lesser-known areas of the market that can offer growth potential at lower price points. Penny stocks, though an older term, continue to represent smaller or newer companies that may provide value and growth opportunities when backed by strong financials and fundamentals.
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$0.575 | A$67.4M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.535 | A$331.78M | ★★★★★☆ |
SHAPE Australia (ASX:SHA) | A$2.89 | A$239.61M | ★★★★★★ |
Vita Life Sciences (ASX:VLS) | A$1.94 | A$108.78M | ★★★★★★ |
Helloworld Travel (ASX:HLO) | A$1.95 | A$317.49M | ★★★★★★ |
SKS Technologies Group (ASX:SKS) | A$1.59 | A$235.35M | ★★★★★★ |
Big River Industries (ASX:BRI) | A$1.265 | A$108M | ★★★★★☆ |
Navigator Global Investments (ASX:NGI) | A$1.525 | A$747.37M | ★★★★★☆ |
Servcorp (ASX:SRV) | A$4.89 | A$482.47M | ★★★★☆☆ |
Click here to see the full list of 1,048 stocks from our ASX Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
LaserBond
Simply Wall St Financial Health Rating: ★★★★★★
Overview: LaserBond Limited is a surface engineering company in Australia that focuses on developing and applying materials, technologies, and methodologies to improve the performance and longevity of machinery components, with a market cap of A$67.40 million.
Operations: The company's revenue is derived from three primary segments: Products contributing A$16.55 million, Services generating A$23.39 million, and Technology adding A$2.05 million.
Market Cap: A$67.4M
LaserBond Limited, with a market cap of A$67.40 million, operates debt-free and has stable weekly volatility at 4%. Despite experiencing shareholder dilution and negative earnings growth of 26% over the past year, it trades at a good value relative to peers. The company's short-term assets (A$22.2M) comfortably cover both its short-term (A$8.8M) and long-term liabilities (A$13.4M). Although its net profit margin decreased to 8.4% from last year's 12.3%, LaserBond's management and board are experienced, with average tenures of over four years, supporting its strategic growth initiatives in the surface engineering sector.
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Unlock comprehensive insights into our analysis of LaserBond stock in this financial health report.
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Examine LaserBond's earnings growth report to understand how analysts expect it to perform.
Odyssey Gold
Simply Wall St Financial Health Rating: ★★★★☆☆