Emmerson Resources And 2 Other ASX Penny Stocks To Watch

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The Australian market has shown resilience, with the ASX200 gaining 0.83% and all sectors making progress, notably the IT sector. For investors interested in exploring smaller or newer companies, penny stocks remain an intriguing option despite their vintage-sounding name. These stocks can offer hidden value and growth potential when backed by strong financial foundations, providing opportunities for those seeking to invest in promising companies at lower price points.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

Embark Early Education (ASX:EVO)

A$0.755

A$141.28M

★★★★☆☆

LaserBond (ASX:LBL)

A$0.595

A$69.75M

★★★★★★

Helloworld Travel (ASX:HLO)

A$1.815

A$287.37M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.55

A$322.48M

★★★★★☆

Navigator Global Investments (ASX:NGI)

A$1.645

A$798.83M

★★★★★☆

Perenti (ASX:PRN)

A$1.17

A$1.07B

★★★★★★

Atlas Pearls (ASX:ATP)

A$0.14

A$61M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$3.03

A$141.71M

★★★★★★

Joyce (ASX:JYC)

A$4.51

A$129.2M

★★★★★★

MaxiPARTS (ASX:MXI)

A$1.885

A$104.27M

★★★★★★

Click here to see the full list of 1,034 stocks from our ASX Penny Stocks screener.

Here's a peek at a few of the choices from the screener.

Emmerson Resources

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Emmerson Resources Limited is involved in the exploration and evaluation of mineral properties, with a market capitalization of A$25.06 million.

Operations: The company's revenue segment is derived entirely from Mineral Exploration, amounting to A$0.14 million.

Market Cap: A$25.06M

Emmerson Resources, with a market capitalization of A$25.06 million, is pre-revenue, generating only A$0.14 million from mineral exploration. The company remains unprofitable, reporting a net loss of A$2.94 million for the year ended June 30, 2024. Despite this, Emmerson has no debt and maintains sufficient cash runway for more than a year based on current free cash flow levels. Its board and management team are experienced with average tenures of 13.4 and 3 years respectively. Shareholder dilution has been minimal over the past year, while short-term assets exceed liabilities comfortably.

ASX:ERM Debt to Equity History and Analysis as at Nov 2024
ASX:ERM Debt to Equity History and Analysis as at Nov 2024

Harvey Norman Holdings

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Harvey Norman Holdings Limited operates in the integrated retail, franchise, property, and digital system sectors with a market cap of A$5.67 billion.

Operations: The company's revenue segments include Retail in New Zealand (A$952.69 million), Slovenia & Croatia (A$215.44 million), Singapore & Malaysia (A$707.72 million), Non-Franchised Retail (A$242.39 million), and Ireland & Northern Ireland (A$693.42 million).