In This Article:
The Australian market remained flat over the last week but has shown a robust 17% rise over the past year, with earnings forecasted to grow by 13% annually. Though the term 'penny stock' might sound like a relic of past trading days, these smaller or newer companies can still present valuable opportunities when backed by solid financials. In this context, we've identified three penny stocks that combine balance sheet strength with potential for significant gains, offering investors a chance to uncover hidden value in quality companies.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Financial Health Rating |
| LaserBond (ASX:LBL) | A$0.60 | A$70.33M | ★★★★★★ |
| Embark Early Education (ASX:EVO) | A$0.81 | A$148.62M | ★★★★☆☆ |
| Helloworld Travel (ASX:HLO) | A$2.04 | A$332.15M | ★★★★★★ |
| Austin Engineering (ASX:ANG) | A$0.53 | A$328.68M | ★★★★★☆ |
| MaxiPARTS (ASX:MXI) | A$1.87 | A$103.44M | ★★★★★★ |
| SHAPE Australia (ASX:SHA) | A$2.80 | A$232.15M | ★★★★★★ |
| Navigator Global Investments (ASX:NGI) | A$1.66 | A$813.53M | ★★★★★☆ |
| West African Resources (ASX:WAF) | A$1.46 | A$1.66B | ★★★★★★ |
| Atlas Pearls (ASX:ATP) | A$0.155 | A$67.53M | ★★★★★★ |
| Servcorp (ASX:SRV) | A$4.94 | A$487.41M | ★★★★☆☆ |
Click here to see the full list of 1,044 stocks from our ASX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Genesis Minerals
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Genesis Minerals Limited is involved in the exploration, production, and development of gold deposits in Western Australia with a market capitalization of A$2.73 billion.
Operations: The company generates revenue of A$438.59 million from its mineral production, exploration, and development activities.
Market Cap: A$2.73B
Genesis Minerals has transitioned to profitability, reporting a net income of A$84 million for the year ending June 30, 2024, compared to a loss the previous year. The company's revenue surged to A$438.59 million from A$76.96 million, reflecting strong growth in its gold mining operations in Western Australia. Despite this progress, shareholders experienced dilution with an increase in shares outstanding by 4.7%. While Genesis is trading below its estimated fair value and maintains more cash than debt, its Return on Equity remains low at 8.4%. Recent management changes include Joanne Steer as Company Secretary.
Ora Banda Mining
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Ora Banda Mining Limited is involved in the exploration, operation, and development of mineral properties in Australia with a market cap of A$1.43 billion.