ASX - Delayed Quote AUD

Melbana Energy Limited (MAY.AX)

0.0260

0.0000

(0.00%)

At close: January 10 at 4:10:44 PM GMT+11

ASX Penny Stocks To Watch In December 2024

As the Australian stock market wraps up 2024, traders are witnessing a modest decline on the last trading day, with the ASX 200 futures indicating a dip amid global market weakness. Despite this end-of-year volatility, the local index has experienced an overall gain of 8.8% throughout the year. For investors interested in smaller or newer companies, penny stocks—though an outdated term—remain relevant as they can offer unique growth opportunities when backed by strong financials.

Simply Wall St. 12 days ago

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Over the last 7 days, the Australian market has remained flat, but it is up 18% over the past year with earnings forecast to grow by 13% annually. In light of these conditions, exploring stocks that combine growth potential with solid financial health can be a wise strategy. Penny stocks may be a somewhat outdated term, yet they continue to represent opportunities in smaller or newer companies that could offer growth at attractive price points.

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Over the last 7 days, the Australian market has remained flat, although it is up 22% over the past year with earnings expected to grow by 12% per annum in the coming years. Investing in penny stocks—often smaller or newer companies—can still open doors to growth opportunities when they demonstrate strong financial health. Despite being a somewhat outdated term, penny stocks continue to represent an underappreciated chance for growth at lower price points, and this article will explore several...

Simply Wall St. 2 months ago

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Those who invested in Melbana Energy (ASX:MAY) five years ago are up 234%

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

Simply Wall St. 3 months ago

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Performance Overview

Return	MAY.AX	S&P/ASX 200 [XJO]
YTD	-3.70%	+1.65%
1-Year	-64.86%	+11.05%
3-Year	+18.18%	+11.37%

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Melbana Energy Limited (MAY.AX)

ASX Penny Stocks To Watch In December 2024

Environmental Group And 2 Other ASX Penny Stocks To Boost Your Portfolio

Biome Australia And 2 Other Promising ASX Penny Stocks To Watch

Those who invested in Melbana Energy (ASX:MAY) five years ago are up 234%

Performance Overview