ASX Penny Stocks To Watch In December 2024

The Australian stock market recently saw a modest gain, with the ASX 200 rising by 0.29%, driven by strong performances in the Real Estate, Healthcare, and Energy sectors. As investors navigate an economic landscape marked by steady interest rates and persistent inflation concerns, they may find opportunities in various investment avenues. Penny stocks, often representing smaller or newer companies with growth potential and affordability, remain an intriguing option for those seeking to capitalize on financial strength within this niche market segment.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
Embark Early Education (ASX:EVO)	A$0.765	A$140.36M	★★★★☆☆
LaserBond (ASX:LBL)	A$0.55	A$64.47M	★★★★★★
SHAPE Australia (ASX:SHA)	A$2.85	A$236.3M	★★★★★★
Helloworld Travel (ASX:HLO)	A$1.95	A$317.49M	★★★★★★
Austin Engineering (ASX:ANG)	A$0.51	A$316.27M	★★★★★☆
Navigator Global Investments (ASX:NGI)	A$1.68	A$823.33M	★★★★★☆
EZZ Life Science Holdings (ASX:EZZ)	A$3.17	A$146.32M	★★★★★★
SKS Technologies Group (ASX:SKS)	A$1.59	A$199.48M	★★★★★★
Vita Life Sciences (ASX:VLS)	A$1.88	A$105.46M	★★★★★★
Servcorp (ASX:SRV)	A$4.87	A$480.5M	★★★★☆☆

Click here to see the full list of 1,053 stocks from our ASX Penny Stocks screener.

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

Blackstone Minerals (ASX:BSX)

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

Overview: Blackstone Minerals Limited is involved in the exploration of mineral properties across North America, Vietnam, and Australia with a market cap of A$15.39 million.

Operations: No revenue segments are reported for the company.

Market Cap: A$15.39M

Blackstone Minerals, with a market cap of A$15.39 million, is a pre-revenue company involved in mineral exploration across multiple regions. It has faced significant challenges, including increasing losses over the past five years and recent shareholder dilution from a follow-on equity offering of A$3.98 million. Despite having more cash than debt and covering its short-term liabilities with assets of A$5.9 million, the company remains highly volatile and unprofitable with a negative return on equity. Recent auditor concerns about its ability to continue as a going concern highlight the risks associated with investing in this penny stock.

• Take a closer look at Blackstone Minerals' potential here in our financial health report.
• Learn about Blackstone Minerals' historical performance here.

Cassius Mining (ASX:CMD)

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

Overview: Cassius Mining Limited is involved in the mining and exploration of mineral properties across Australia and Africa, with a market cap of A$6.50 million.

Operations: The company has not reported any revenue segments.

Market Cap: A$6.5M

Cassius Mining, with a market cap of A$6.50 million, is a pre-revenue company engaged in mineral exploration in Australia and Africa. Despite being debt-free and having seasoned board members, the company faces significant challenges including less than a year of cash runway and recent shareholder dilution. Its short-term assets exceed liabilities, but it remains unprofitable with a negative return on equity and highly volatile share price. Recent auditor doubts about its ability to continue as a going concern underscore the risks involved with this investment. The upcoming earnings release may provide further insights into its financial health.

• Click to explore a detailed breakdown of our findings in Cassius Mining's financial health report.
• Evaluate Cassius Mining's historical performance by accessing our past performance report.

Touch Ventures (ASX:TVL)

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

Overview: Touch Ventures Limited is a private equity and venture capital firm focusing on growth capital for high-growth, post-revenue, and later-stage companies, with a market cap of A$49.59 million.

Operations: Touch Ventures generates revenue from operating and managing investments in high-growth securities, amounting to A$38.07 million.

Market Cap: A$49.59M

Touch Ventures Limited, with a market cap of A$49.59 million, focuses on growth capital for high-growth companies but remains pre-revenue and unprofitable. Despite this, it benefits from having no debt and a stable cash runway exceeding three years based on current free cash flow. The company's weekly volatility has been stable over the past year, and its board is considered experienced with an average tenure of 4.6 years. While earnings have declined significantly over the past five years, Touch Ventures' short-term assets comfortably exceed its liabilities, providing some financial stability in the near term.

• Navigate through the intricacies of Touch Ventures with our comprehensive balance sheet health report here.
• Explore historical data to track Touch Ventures' performance over time in our past results report.

Turning Ideas Into Actions

• Reveal the 1,053 hidden gems among our ASX Penny Stocks screener with a single click here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
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Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Jump on the AI train with fast growing tech companies forging a new era of innovation.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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