3 European Penny Stocks With Market Caps Over €20M
The European market has shown resilience, with the pan-European STOXX Europe 600 Index ending higher as trade negotiations between the U.S. and EU gain traction and inflation eases in key economies. Amid these developments, investors are increasingly on the lookout for opportunities that can offer growth potential at accessible price points. Penny stocks, though a somewhat outdated term, continue to attract attention for their potential to yield significant returns when backed by strong financial health and solid fundamentals. This article highlights three such European penny stocks that stand out as promising investment prospects in today's market landscape.
Name
Share Price
Market Cap
Financial Health Rating
Bredband2 i Skandinavien (OM:BRE2)
SEK2.37
SEK2.27B
★★★★☆☆
KebNi (OM:KEBNI B)
SEK2.08
SEK564M
★★★★★★
Angler Gaming (NGM:ANGL)
SEK3.66
SEK274.45M
★★★★★★
Hifab Group (OM:HIFA B)
SEK3.46
SEK210.5M
★★★★★★
Abak (WSE:ABK)
PLN4.20
PLN11.32M
★★★★★★
Cellularline (BIT:CELL)
€2.96
€62.43M
★★★★★☆
Netgem (ENXTPA:ALNTG)
€0.916
€30.67M
★★★★★★
Fondia Oyj (HLSE:FONDIA)
€4.60
€17.2M
★★★★★★
Mistral Iberia Real Estate SOCIMI (BME:YMIB)
€1.01
€22M
★★★★★☆
Deceuninck (ENXTBR:DECB)
€2.125
€293.39M
★★★★★★
Click here to see the full list of 449 stocks from our European Penny Stocks screener.
Let's review some notable picks from our screened stocks.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Renovalo S.p.A. operates in the construction industry in Italy with a market cap of €22.85 million.
Operations: Renovalo's revenue is derived entirely from its General Contractors segment, amounting to €26.90 million.
Market Cap: €22.85M
Renovalo S.p.A., with a market cap of €22.85 million, operates in the construction industry and faces challenges typical of penny stocks, such as high volatility and unstable dividends. The company's revenue has significantly declined from €114.6 million to €33.56 million year-on-year, impacting profit margins which have dropped from 14.5% to 2.2%. Despite this downturn, Renovalo's short-term assets exceed both its short- and long-term liabilities, suggesting financial resilience. However, interest coverage remains weak at 2.5 times EBIT, indicating potential difficulties in managing debt obligations amidst declining earnings growth and low return on equity at 1.8%.
Dive into the specifics of Renovalo here with our thorough balance sheet health report.
Review our growth performance report to gain insights into Renovalo's future.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: SpectraCure AB (publ) is focused on developing cancer treatment systems and has a market cap of SEK92.95 million.
Operations: SpectraCure AB (publ) has not reported any revenue segments.
Market Cap: SEK92.95M
SpectraCure AB, with a market cap of SEK92.95 million, is navigating the challenges typical of penny stocks, including high volatility and financial uncertainty. The company remains pre-revenue with minimal earnings reported and has faced increasing losses over the past five years. Recent developments include an SEK83.92 million Composite Units Offering to bolster finances as it grapples with a cash runway of less than one year and auditor concerns about its viability as a going concern. Despite these hurdles, SpectraCure's seasoned management team and debt-free status offer some stability amidst its speculative nature in the biotech sector.
Click here and access our complete financial health analysis report to understand the dynamics of SpectraCure.
Assess SpectraCure's previous results with our detailed historical performance reports.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Getin Holding S.A. is a financial holding company involved in investment activities both in Poland and internationally, with a market cap of PLN127.14 million.
Operations: The company generates revenue from its banking services in Ukraine, amounting to PLN12.21 million.
Market Cap: PLN127.14M
Getin Holding S.A., with a market cap of PLN127.14 million, has recently turned profitable, reporting a significant increase in net income to PLN129.08 million for 2024 compared to the previous year. Despite this positive development, the company does not have meaningful revenue from its banking services in Ukraine and faces challenges with its dividend sustainability due to limited earnings coverage. The board's experience and stable weekly volatility offer some stability; however, concerns remain about insufficient data on bad loan allowances and management tenure. Getin's low-risk funding structure is primarily supported by customer deposits rather than external borrowing.
Navigate through the intricacies of Getin Holding with our comprehensive balance sheet health report here.
Understand Getin Holding's track record by examining our performance history report.
Dive into all 449 of the European Penny Stocks we have identified here.
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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.
Companies discussed in this article include BIT:RNV OM:SPEC and WSE:GTN.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com
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How Europe could go ‘Mega' by 2027
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‘They are in shock': Indian students fear Trump has ended their American dream
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In previous years, Devatwal's organisation sent more than 100 students to American universities but this year he said the number had dropped to about 10. Instead, families were shifting their focus to the UK and other European countries. A recent analysis by the Hindu newspaper estimated a 28% drop in Indian students going to the US in 2025. 'Families contribute their savings, take out loans from banks and borrow from relatives, all in the hope that the student will secure a good job abroad, repay the debt, and build a promising future,' said Devatwal. 'In such uncertain circumstances, parents are understandably reluctant to let their children take such a risky path.' Brijesh Patel, 50, a textile trader in Surat, Gujarat, said he had been saving money for over a decade to make sure his son could go to a US university, including selling his wife's jewellery and borrowing money from relatives. 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The student, who asked to remain anonymous over fears it would affect their application, said they had invitation letters from top Ivy League universities for the fellowship, which is considered one of the most prestigious scholarships in the US, but now everything was up in the air. 'We are supposed to start in October and our orientation was scheduled for May, all the flights and hotels were even booked, but then it all got cancelled. Now we've been informed all our applications are under review by the Trump administration,' said the student. They said it had caused 'huge panic and anxiety' among those accepted. 'I know a lot of people are going back through their social media, deleting things and doing a lot of self-censoring.' Piyush Bhartiya, a co-founder of the educational technology company AdmitKard, said many parents who had been set on sending their children to the US were rethinking their plans. He cited one example of a student who had been admitted to New York University for the coming year but was instead planning to go to the London School of Economics after the US visa interviews were paused. Bhartiya said Indian students primarily went to the US to study Stem subjects – science, technology, engineering and maths – and so the focus had shifted to other countries strong in these areas. 'Germany is the main country where students are shifting to for Stem subjects,' he said. 'Other countries like Ireland, France, the Netherlands, which are also gaining substantial interest in the students. At the undergraduate level, the Middle East has also seen a lot of gain in interest given parents feel that it is close by and safer and given the current political environment they may want their kids closer to the home.' Among the Indian students forced to abandon their plans is Nihar Gokhale, 36. He had a fully funded offer for a PhD at a private university in Massachusetts, but recently received a letter saying the funding was being withdrawn, as the university faced issues under the Trump administration. 'It was quite shocking. I spoke to people at the university, and they admitted it was an exceptional situation for them too,' said Gokhale. Without the funding, the US was financially 'out of the question' and he said he had an offer from the UK he now intended to take up. 'For at least the next three or four years, I'm not considering the US at all,' he said. • This article was amended on 4 June 2025 to correct a conversion error. An earlier version said that 700,000 rupees was £68,000 instead of saying £6,000.
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Hegseth says Nato allies ‘very close' to raising defence spending target to 5%
The US defence secretary, Pete Hegseth, said Nato allies were 'very close, almost near consensus' to an agreement to significantly raise targets for defence spending to 5% of GDP in the next decade. The Trump administration official indicated he expected the increased target to be agreed at a summit in The Hague later this month – and confirmed that the headline figure was to be split into two parts. 'This alliance, in a matter of weeks, will be committing to 5%: 3.5% in hard military and 1.5% in infrastructure and defence-related activities. That combination constitutes a real commitment,' he said. Hegseth was speaking at a press conference at Nato headquarters in Brussels after the morning session of an all-day meeting of defence ministers from the 32-country transatlantic military alliance. 'I'm very encouraged by what we heard in there,' Hegseth told reporters. 'Countries in there are well exceeding 2% and we think very close, almost near consensus, on a 5% commitment to Nato.' Nato's current target level for military spending, agreed at a summit in Cardiff in 2014, is 2% of GDP, but Donald Trump has repeatedly claimed that European allies and Canada do not spend enough compared with the US. In an attempt to avoid Trump wrecking the first Nato summit of his second term, the alliance's new secretary general, Mark Rutte, proposed a 3.5% plus 1.5% target, though there is some ambiguity about the target date. Initial reports suggested that Rutte wanted allies to hit the target from 2032, though earlier this week British sources suggested the date could be 2035. Sweden's defence minister said he would like to see the target hit by 2030. Only Poland currently exceeds the 3.5% target for hard military spending at 4.32%, according to Nato figures, while the US defence budget, the largest in the alliance, amounts to 3.4% of GDP, at $967bn (£711bn). The UK spends 2.33% of GDP on its military, but has pledged to increase that to 2.5% by 2027 and to 3% some time in the next parliament. Earlier this week the prime minister, Keir Starmer, declined to set a firm date for the UK achieving 3% as he unveiled a strategic defence review. Related: Why is defence such a hard sell? The same reason Starmer is struggling in the polls | Martin Kettle Rutte will visit London on Monday to meet Starmer before the summit. Downing Street said the prime minister and the secretary general would 'talk about how we ensure all allies step up their defence spending now in order to respond to the threats that we face now'. Germany's defence minister, Boris Pistorius, said Berlin would need up to 60,000 additional troops to meet new Nato targets for weapons and personnel. 'We are stepping up to our responsibility as Europe's largest economy,' the minister said on Thursday. Germany, which currently spends 2.12% of GDP on defence, had been singled out by Trump as a laggard in spending, though until Russia's full-scale invasion of Ukraine, Berlin had been reluctant to be a leader in European military spending, partly due to the memories of the militarism of the second world war.
