3 ASX Penny Stocks With Market Caps Larger Than A$30M


The Australian market has recently faced challenges, with the ASX200 dipping slightly and sectors like energy and financials underperforming due to falling commodity prices and economic concerns. In such a climate, investors often seek opportunities that balance potential growth with manageable risk, making penny stocks an intriguing option. Although considered a somewhat outdated term, penny stocks still represent affordable entry points into smaller or newer companies that may offer growth potential when backed by strong financial health.

Name

Share Price

Market Cap

Financial Health Rating

Embark Early Education (ASX:EVO)

A$0.785

A$144.03M

★★★★☆☆

LaserBond (ASX:LBL)

A$0.56

A$65.64M

★★★★★★

Helloworld Travel (ASX:HLO)

A$2.03

A$330.52M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.52

A$322.48M

★★★★★☆

MaxiPARTS (ASX:MXI)

A$1.70

A$94.04M

★★★★★★

Navigator Global Investments (ASX:NGI)

A$1.595

A$781.68M

★★★★★☆

SHAPE Australia (ASX:SHA)

A$2.86

A$237.13M

★★★★★★

Vita Life Sciences (ASX:VLS)

A$2.04

A$114.72M

★★★★★★

Big River Industries (ASX:BRI)

A$1.32

A$112.7M

★★★★★☆

Servcorp (ASX:SRV)

A$4.90

A$483.46M

★★★★☆☆

Click here to see the full list of 1,046 stocks from our ASX Penny Stocks screener.

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

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

Overview: ImpediMed Limited is a medical technology company that manufactures and sells bioimpedance spectroscopy (BIS) technology medical devices in the United States and Europe, with a market cap of A$109.27 million.

Operations: The company generates revenue from its medical segment, amounting to A$10.32 million.

Market Cap: A$109.27M

ImpediMed Limited, with a market cap of A$109.27 million, operates in the medical technology sector and generates revenue of A$10.32 million from its medical segment. The company is debt-free and has sufficient cash runway for over a year based on current free cash flow levels. Despite being unprofitable, ImpediMed has managed to reduce losses by 3.2% annually over the past five years and forecasts earnings growth of 67.52% per year. However, both its board and management team are relatively new, with average tenures of 1.3 years and 1 year respectively, which may impact strategic continuity.

ASX:IPD Financial Position Analysis as at Dec 2024
ASX:IPD Financial Position Analysis as at Dec 2024

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

Overview: Li-S Energy Limited focuses on developing and commercializing lithium sulphur and metal batteries in Australia, with a market capitalization of A$92.25 million.



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