The Australian market has been showing robust performance, with the ASX200 reaching a new all-time intra-day high of 9,054 points, driven by strong gains in the Materials and Energy sectors. For investors looking beyond well-known large-cap stocks, penny stocks offer intriguing possibilities despite being considered a somewhat outdated term. These smaller or newer companies can present unique opportunities for growth and value when backed by solid financials, making them worth consideration for those seeking under-the-radar investments with potential long-term benefits.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Rewards & Risks |
| EZZ Life Science Holdings (ASX:EZZ) | A$2.47 | A$116.52M | ✅ 4 ⚠️ 2 View Analysis > |
| GTN (ASX:GTN) | A$0.375 | A$71.5M | ✅ 4 ⚠️ 2 View Analysis > |
| IVE Group (ASX:IGL) | A$3.07 | A$473.34M | ✅ 4 ⚠️ 2 View Analysis > |
| SHAPE Australia (ASX:SHA) | A$4.30 | A$354.08M | ✅ 3 ⚠️ 1 View Analysis > |
| Regal Partners (ASX:RPL) | A$2.93 | A$1.03B | ✅ 4 ⚠️ 2 View Analysis > |
| Bravura Solutions (ASX:BVS) | A$2.28 | A$1.02B | ✅ 3 ⚠️ 3 View Analysis > |
| Austin Engineering (ASX:ANG) | A$0.315 | A$195.47M | ✅ 4 ⚠️ 1 View Analysis > |
| MaxiPARTS (ASX:MXI) | A$2.42 | A$134.18M | ✅ 3 ⚠️ 2 View Analysis > |
| CTI Logistics (ASX:CLX) | A$1.86 | A$149.81M | ✅ 4 ⚠️ 2 View Analysis > |
| Perenti (ASX:PRN) | A$2.21 | A$2.05B | ✅ 4 ⚠️ 1 View Analysis > |
Click here to see the full list of 452 stocks from our ASX Penny Stocks screener.
Let's dive into some prime choices out of the screener.
Boss Energy (ASX:BOE)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Boss Energy Limited is involved in the exploration and production of uranium deposits in Australia and the United States, with a market cap of A$732.34 million.
Operations: Currently, there are no reported revenue segments for Boss Energy Limited.
Market Cap: A$732.34M
Boss Energy Limited, with a market cap of A$732.34 million, is pre-revenue and debt-free, which eliminates concerns about interest coverage. Despite its unprofitability, the company has managed to reduce losses by a significant rate over the past five years and is forecasted to grow earnings by 49.49% annually. Recent executive changes include Matt Dusci's appointment as CEO from October 2025 following Duncan Craib's transition to Non-Executive Director. The company's short-term assets comfortably cover both short and long-term liabilities, but its share price remains highly volatile despite trading significantly below estimated fair value.
- Navigate through the intricacies of Boss Energy with our comprehensive balance sheet health report here.
- Examine Boss Energy's earnings growth report to understand how analysts expect it to perform.
Deep Yellow (ASX:DYL)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Deep Yellow Limited, with a market cap of A$1.55 billion, is a uranium exploration company operating in Namibia and Australia through its subsidiaries.
Operations: Deep Yellow Limited does not report any revenue segments.
Market Cap: A$1.55B
Deep Yellow Limited, with a market cap of A$1.55 billion, operates without debt and maintains a robust financial position, as its short-term assets (A$246.1M) exceed both short-term (A$8.1M) and long-term liabilities (A$7.3M). Despite being pre-revenue and unprofitable, the company has not faced significant shareholder dilution recently and trades significantly below estimated fair value. However, it faces challenges with a limited cash runway if free cash flow continues to decline at historical rates. The management team is experienced with an average tenure of 3.9 years, but earnings are projected to decline by 35.6% annually over the next three years.
- Click to explore a detailed breakdown of our findings in Deep Yellow's financial health report.
- Evaluate Deep Yellow's prospects by accessing our earnings growth report.
Perenti (ASX:PRN)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Perenti Limited is a global mining services company with a market capitalization of A$2.05 billion.
Operations: Perenti Limited has not reported specific revenue segments.
Market Cap: A$2.05B
Perenti Limited, with a market cap of A$2.05 billion, demonstrates financial stability as its short-term assets (A$1.3 billion) surpass both short-term (A$472 million) and long-term liabilities (A$985 million). The company has shown impressive earnings growth of 86.4% over the past year, outpacing the industry average. Despite a low return on equity at 9.5%, Perenti trades at a significant discount to its estimated fair value and has not diluted shareholders recently. Recent board changes include the appointment of Greg Walker as an independent non-executive director, bringing extensive mining expertise to the team.
- Get an in-depth perspective on Perenti's performance by reading our balance sheet health report here.
- Gain insights into Perenti's future direction by reviewing our growth report.
Turning Ideas Into Actions
- Unlock more gems! Our ASX Penny Stocks screener has unearthed 449 more companies for you to explore.Click here to unveil our expertly curated list of 452 ASX Penny Stocks.
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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.
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