Discover 3 European Penny Stocks With Market Caps Over €400M

Simply Wall St

Wed, May 6, 2026 at 2:05 AM EDT 4 min read

The European stock market has been navigating a complex landscape, with the pan-European STOXX Europe 600 Index ending the week largely unchanged amid ongoing geopolitical tensions and mixed economic signals. Despite these challenges, investors continue to seek opportunities in various corners of the market, including penny stocks. Although “penny stocks” is an outdated term, it remains relevant for identifying smaller or newer companies that can offer growth potential at lower price points. By focusing on those with strong financials and solid fundamentals, investors can uncover hidden gems that may provide both stability and upside potential.

Top 10 Penny Stocks In Europe

Name	Share Price	Market Cap	Financial Health Rating
Ariston Holding (BIT:ARIS)	€3.914	€1.35B	★★★★★★
2020 Bulkers (OB:2020)	NOK2.936	NOK59.13M	★★★★★☆
Lucisano Media Group (BIT:LMG)	€1.05	€15.6M	★★★★☆☆
Angler Gaming (NGM:ANGL)	SEK3.60	SEK269.95M	★★★★★★
Angler Gaming (DB:0QM)	€0.31	€254.2M	★★★★★★
Verkkokauppa.com Oyj (HLSE:VERK)	€2.22	€100.19M	★★★★★☆
Nurminen Logistics Oyj (HLSE:NLG1V)	€0.864	€69.76M	★★★★★★
High (ENXTPA:HCO)	€3.615	€70.05M	★★★★★★
Deceuninck (ENXTBR:DECB)	€2.05	€283.4M	★★★★★★
Netgem (ENXTPA:ALNTG)	€0.742	€24.85M	★★★★★★

Click here to see the full list of 288 stocks from our European Penny Stocks screener.

Let’s explore several standout options from the results in the screener.

Raisio

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

Overview: Raisio plc, with a market cap of €407.40 million, produces and sells food and food ingredients in Finland, the United Kingdom, and internationally through its subsidiaries.

Operations: The company generates revenue primarily from its Brands and Industrial segment, which accounts for €220 million.

Market Cap: €407.4M

Raisio plc, with a market cap of €407.40 million, has shown significant earnings growth over the past year at 37.3%, surpassing both its historical average and the industry standard. The company is debt-free, which enhances its financial stability, and it trades at a discount to estimated fair value. Recent strategic moves include expanding its Benecol® brand into Spain and growing the Elovena® portfolio internationally, aligning with Raisio’s strategy for brand expansion in Europe. However, despite these positive developments, the dividend yield of 5.86% is not well covered by earnings or free cash flows.