Three ASX Penny Stocks to Keep an Eye on, Including AMA Group

Market Overview: The ASX 200 is currently above 9,000 points, with traders being cautious due to global economic factors and local earnings reports, while smaller stocks are gaining investor interest for their growth potential.

AMA Group Performance: AMA Group operates in the collision repair sector with a market cap of A$449.56 million, showing reduced losses and anticipated sales growth despite being unprofitable.

Peet Limited Insights: Peet Limited, focused on residential land development, has a market cap of A$800.55 million, reporting strong earnings growth but facing high debt levels, managed by a relatively new management team.

XRF Scientific Financials: XRF Scientific, with a market cap of A$313.40 million, has shown financial resilience with improved profit margins and a strong balance sheet, indicating stability amidst industry challenges.