3 ASX Penny Stocks to Monitor in January 2025

January 23, 2025 09:30 PM AEDT | By Team Kalkine Media

3 ASX Penny Stocks to Monitor in January 2025

Spotlight on Select Penny Stocks

Central Petroleum (ASX:CTP)

Central Petroleum Limited, with a market cap of A$48.44 million, is engaged in hydrocarbon development and marketing in Australia. Recently profitable and trading below fair value, it boasts a 38.2% return on equity and a seasoned management team. Despite some financial challenges, with short-term assets not covering long-term liabilities, its earnings are projected to grow annually by 25%, hinting at future potential in the oil and gas industry.

Dreadnought Resources (ASX:DRE)

Dreadnought Resources Limited, a mineral exploration company with a market cap of A$41.45 million, is pre-revenue and yet to turn profitable. With no debt and recent funding injections, the company maintains strong liquidity. Despite high volatility, recent awards for drilling in Western Australia suggest prospects for significant critical metals discoveries.

Southern Cross Electrical Engineering (ASX:SXE)

Southern Cross Electrical Engineering Limited, valued at A$376.58 million, provides electrical services across various sectors in Australia. With A$551.87 million in revenue and trading at 38.5% below estimated fair value, the company stands out for its robust liquidity and management expertise, presenting opportunities for investors seeking value within volatility.

For a comprehensive list of 1,026 ASX Penny Stocks, explore more and find insights into small-cap companies that could be the next big players. Investing with informed decisions can unlock potential in under-the-radar opportunities.

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