ASX Penny Stocks To Consider In December 2024

The Australian market has experienced a mixed week, with the ASX 200 expected to open lower following global trends influenced by Wall Street's recent downturn. As investors navigate these fluctuations, penny stocks continue to attract attention for their potential growth opportunities at lower price points. Despite being considered a throwback term, penny stocks often refer to smaller or newer companies that can offer value and stability when backed by strong financials and clear growth prospects.

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	★★★★★★
Helloworld Travel (ASX:HLO)	A$1.97	A$320.75M	★★★★★★
Austin Engineering (ASX:ANG)	A$0.52	A$322.48M	★★★★★☆
SHAPE Australia (ASX:SHA)	A$2.80	A$232.15M	★★★★★★
MaxiPARTS (ASX:MXI)	A$1.735	A$95.97M	★★★★★★
Navigator Global Investments (ASX:NGI)	A$1.58	A$774.33M	★★★★★☆
SKS Technologies Group (ASX:SKS)	A$1.59	A$220.22M	★★★★★★
Vita Life Sciences (ASX:VLS)	A$1.88	A$105.44M	★★★★★★
Servcorp (ASX:SRV)	A$4.97	A$490.37M	★★★★☆☆

Click here to see the full list of 1,047 stocks from our ASX Penny Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

CTI Logistics (ASX:CLX)

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

Overview: CTI Logistics Limited, with a market cap of A$156.52 million, operates in Australia offering transport and logistics services through its subsidiaries.

Operations: The company's revenue is primarily derived from its Transport segment, contributing A$225.42 million, followed by the Logistics segment with A$118.28 million, and the Property segment generating A$6.37 million.

Market Cap: A$156.52M

CTI Logistics Limited, with a market cap of A$156.52 million, offers transport and logistics services in Australia. The company trades at 77.2% below its estimated fair value, presenting potential value opportunities compared to peers and industry standards. However, it has faced negative earnings growth recently and its net profit margins have declined from last year. Despite this, the debt is well covered by operating cash flow and interest payments are adequately managed with EBIT coverage of 4.8 times. The management team is experienced with an average tenure of 8.3 years, providing stability amid these challenges.

• Get an in-depth perspective on CTI Logistics' performance by reading our balance sheet health report here.
• Examine CTI Logistics' earnings growth report to understand how analysts expect it to perform.

Euroz Hartleys Group (ASX:EZL)

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

Overview: Euroz Hartleys Group Limited is a diversified financial services company in Australia offering stockbroking, corporate finance, funds management, investment advice, financial advisory, and wealth management services with a market cap of A$134.24 million.

Operations: The company's revenue is primarily derived from Private Wealth services at A$49.95 million and Wholesale operations at A$38.58 million, with a smaller contribution from Funds Management totaling A$0.35 million.

Market Cap: A$134.24M

Euroz Hartleys Group Limited, with a market cap of A$134.24 million, operates debt-free and trades at 67% below its estimated fair value, suggesting potential undervaluation in the market. The company's short-term assets comfortably exceed both its short- and long-term liabilities, indicating strong liquidity. However, it faces challenges with declining earnings growth over the past year and reduced net profit margins due to significant one-off losses impacting recent financial results. Despite these hurdles, Euroz Hartleys benefits from an experienced management team averaging 11.7 years in tenure, recently strengthened by Tim Bunney's appointment as Managing Director.

• Click here and access our complete financial health analysis report to understand the dynamics of Euroz Hartleys Group.
• Learn about Euroz Hartleys Group's historical performance here.

Tungsten Mining (ASX:TGN)

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

Overview: Tungsten Mining NL focuses on the exploration, evaluation, and development of mineral resources in Australia with a market cap of A$61.34 million.

Operations: The company's revenue segment is primarily derived from Exploration and Evaluation, amounting to A$0.00423 million.

Market Cap: A$61.34M

Tungsten Mining NL, with a market cap of A$61.34 million, is pre-revenue and unprofitable, reporting a net loss of A$5.11 million for the year ending June 30, 2024. Despite this, the company maintains strong liquidity with short-term assets exceeding both short- and long-term liabilities by a significant margin. Tungsten Mining operates debt-free and has not diluted shareholders over the past year. Although its share price remains highly volatile and its return on equity is negative at -18.68%, it has reduced losses by 27.6% annually over five years, suggesting potential operational improvements amidst ongoing challenges in revenue generation.

• Click here to discover the nuances of Tungsten Mining with our detailed analytical financial health report.
• Gain insights into Tungsten Mining's historical outcomes by reviewing our past performance report.

Next Steps

• Access the full spectrum of 1,047 ASX Penny Stocks by clicking on this link.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com