3 Promising ASX Penny Stocks With Market Caps Over A$70M

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The ASX200 is set to open 0.15% lower today, reflecting mixed performances among US markets, with notable movements in the Dow and tech sector fluctuations impacting investor sentiment. In such a climate, finding stocks with strong fundamentals can be crucial for investors seeking stability and growth potential. Penny stocks, though often overlooked due to their historical reputation, can offer significant opportunities when backed by solid financials; this article will explore three promising examples that stand out for their potential value and growth prospects.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

Embark Early Education (ASX:EVO)

A$0.76

A$139.45M

★★★★☆☆

Helloworld Travel (ASX:HLO)

A$1.88

A$306.1M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.545

A$337.98M

★★★★★☆

SHAPE Australia (ASX:SHA)

A$2.72

A$225.52M

★★★★★★

LaserBond (ASX:LBL)

A$0.62

A$72.68M

★★★★★★

MaxiPARTS (ASX:MXI)

A$1.87

A$103.44M

★★★★★★

Navigator Global Investments (ASX:NGI)

A$1.60

A$784.13M

★★★★★☆

EZZ Life Science Holdings (ASX:EZZ)

A$2.94

A$130.6M

★★★★★★

Perenti (ASX:PRN)

A$1.165

A$1.08B

★★★★★★

Big River Industries (ASX:BRI)

A$1.34

A$114.39M

★★★★★☆

Click here to see the full list of 1,035 stocks from our ASX Penny Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Bravura Solutions

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

Overview: Bravura Solutions Limited develops, licenses, and maintains software applications for the wealth management and funds administration sectors across Australia, the United Kingdom, New Zealand, and internationally, with a market capitalization of A$685.92 million.

Operations: Bravura Solutions generates revenue from two primary segments: Wealth Management, which accounts for A$163.13 million, and Funds Administration, contributing A$87.28 million.

Market Cap: A$685.92M

Bravura Solutions has recently turned profitable, reporting a net income of A$8.78 million for the fiscal year ending June 30, 2024, compared to a significant loss the previous year. Despite its profitability and stable weekly volatility, the company faces challenges with an inexperienced board and management team. Bravura's revenue is expected to decrease in fiscal year 2025 due to reduced license and professional services fees. The company announced a share buyback program worth A$20 million, utilizing existing cash reserves, which could positively impact shareholder value by reducing outstanding shares by up to 10%.