Previous Close | 0.3600 |
Open | 0.3550 |
Bid | 0.3500 x 0 |
Ask | 0.3800 x 0 |
Day's Range | 0.3550 - 0.3550 |
52 Week Range | 0.2600 - 0.4500 |
Volume | |
Avg. Volume | 58,924 |
Market Cap | 158.258M |
Beta (5Y Monthly) | 1.86 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.0100 |
Earnings Date | Oct 30, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
The Australian stock market has been relatively flat, with the ASX200 down slightly by 0.1% at 8,317 points, as energy and financial sectors show resilience amidst fluctuating oil prices and growing US crude stockpiles. Despite the somewhat outdated term, penny stocks continue to capture investor interest due to their affordability and potential for growth. Focusing on companies with strong financials can reveal promising opportunities within this segment of the market.
In the last week, the Australian market has stayed flat, but it has risen 20% over the past 12 months with earnings forecasted to grow by 12% annually. Investing in penny stocks—typically smaller or newer companies—can still open doors to growth opportunities when these stocks are backed by strong financial health. We've selected three examples of penny stocks that combine balance sheet strength with potential for significant returns, offering investors a chance to uncover hidden value in...