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As the ASX200 hovers below the 8,100-point mark, investors are keeping a close eye on market dynamics influenced by international trade developments and sector fluctuations. In this ever-evolving landscape, identifying promising investment opportunities requires a keen focus on financial fundamentals and growth potential. Penny stocks, although considered niche today, remain an intriguing option for those seeking to uncover hidden value in smaller or emerging companies with strong balance sheets.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
EZZ Life Science Holdings (ASX:EZZ) | A$1.68 | A$79.25M | ★★★★★★ |
GTN (ASX:GTN) | A$0.52 | A$102.12M | ★★★★★★ |
IVE Group (ASX:IGL) | A$2.38 | A$368.64M | ★★★★★☆ |
Regal Partners (ASX:RPL) | A$3.10 | A$1.04B | ★★★★★★ |
Bisalloy Steel Group (ASX:BIS) | A$3.27 | A$156.64M | ★★★★★★ |
West African Resources (ASX:WAF) | A$2.11 | A$2.4B | ★★★★★★ |
GR Engineering Services (ASX:GNG) | A$2.86 | A$478.16M | ★★★★★★ |
MotorCycle Holdings (ASX:MTO) | A$1.99 | A$146.87M | ★★★★★★ |
CTI Logistics (ASX:CLX) | A$1.76 | A$137.3M | ★★★★☆☆ |
Accent Group (ASX:AX1) | A$1.875 | A$1.06B | ★★★★☆☆ |
Click here to see the full list of 1,013 stocks from our ASX Penny Stocks screener.
Let's uncover some gems from our specialized screener.
EcoGraf
Simply Wall St Financial Health Rating: ★★★★★★
Overview: EcoGraf Limited focuses on the exploration and production of graphite products for lithium-ion battery and advanced manufacturing markets in Tanzania and Australia, with a market cap of A$56.77 million.
Operations: The company's revenue segment includes Australia, generating A$3.49 million.
Market Cap: A$56.77M
EcoGraf Limited, with a market cap of A$56.77 million, is pre-revenue and unprofitable, experiencing increased losses over the past five years. Despite its financial challenges, EcoGraf maintains a debt-free status and has sufficient cash runway for over a year. Its short-term assets significantly exceed both short- and long-term liabilities, providing some financial stability. However, the company's share price has been highly volatile recently. Recent executive changes include appointing Ms Natalie Teo as Joint Company Secretary to potentially strengthen corporate governance amidst these operational hurdles in the graphite sector.
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Jump into the full analysis health report here for a deeper understanding of EcoGraf.
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Explore historical data to track EcoGraf's performance over time in our past results report.
Emerald Resources
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Emerald Resources NL is involved in the exploration and development of mineral reserves in Cambodia and Australia, with a market capitalization of A$2.63 billion.