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As the Australian share market remains relatively stable with the ASX 200 futures indicating a nearly flat opening, investors are turning their attention to broader economic influences like the upcoming election campaign. For those interested in smaller or newer companies, penny stocks continue to be an intriguing investment area despite their outdated name. These stocks can offer unique growth opportunities when backed by strong financial health, and we will explore several that stand out for their potential in today's market landscape.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
CTI Logistics (ASX:CLX) | A$1.63 | A$124.82M | ★★★★☆☆ |
Accent Group (ASX:AX1) | A$1.80 | A$1.02B | ★★★★☆☆ |
EZZ Life Science Holdings (ASX:EZZ) | A$1.50 | A$71M | ★★★★★★ |
IVE Group (ASX:IGL) | A$2.46 | A$380.05M | ★★★★★☆ |
GTN (ASX:GTN) | A$0.63 | A$126.66M | ★★★★★★ |
Bisalloy Steel Group (ASX:BIS) | A$3.13 | A$151.37M | ★★★★★★ |
NobleOak Life (ASX:NOL) | A$1.405 | A$130.66M | ★★★★★★ |
Regal Partners (ASX:RPL) | A$2.37 | A$872.03M | ★★★★★★ |
NRW Holdings (ASX:NWH) | A$2.80 | A$1.29B | ★★★★★☆ |
LaserBond (ASX:LBL) | A$0.39 | A$45.17M | ★★★★★★ |
Click here to see the full list of 980 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
MaxiPARTS
Simply Wall St Financial Health Rating: ★★★★★★
Overview: MaxiPARTS Limited, with a market cap of A$113.40 million, distributes and sells commercial truck and trailer parts in Australia through its subsidiaries.
Operations: The company's revenue is derived entirely from its operations in Australia, amounting to A$269.06 million.
Market Cap: A$113.4M
MaxiPARTS Limited, with a market cap of A$113.40 million, has shown promising financial health for a penny stock. The company reported significant earnings growth, with net income rising to A$3.72 million for the half year ended December 31, 2024. It maintains strong coverage of interest payments through EBIT and has reduced its debt-to-equity ratio over the past five years from 38.2% to 24.1%. While its return on equity remains low at 6.9%, MaxiPARTS is trading at a substantial discount to estimated fair value and offers fully franked dividends, recently increased to A$0.0305 per share.
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Take a closer look at MaxiPARTS' potential here in our financial health report.
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Assess MaxiPARTS' future earnings estimates with our detailed growth reports.
S2 Resources
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: S2 Resources Ltd is involved in the exploration and evaluation of mineral properties in Australia and Finland, with a market capitalization of A$32.61 million.
Operations: S2 Resources Ltd does not report any specific revenue segments.