The Australian market has shown resilience, with the ASX climbing back over 8,800 points as financials and IT sectors lead the charge. Amidst this positive momentum, investors are increasingly exploring opportunities beyond the traditional blue-chip stocks. Penny stocks, although an outdated term, continue to capture attention for their potential growth at lower price points. In this article, we explore three such penny stocks that stand out for their financial strength and offer intriguing investment possibilities.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Rewards & Risks |
| Alfabs Australia (ASX:AAL) | A$0.47 | A$134.7M | ✅ 4 ⚠️ 3 View Analysis > |
| EZZ Life Science Holdings (ASX:EZZ) | A$2.19 | A$103.31M | ✅ 3 ⚠️ 3 View Analysis > |
| Dusk Group (ASX:DSK) | A$0.85 | A$52.93M | ✅ 4 ⚠️ 2 View Analysis > |
| IVE Group (ASX:IGL) | A$2.80 | A$432.95M | ✅ 4 ⚠️ 2 View Analysis > |
| MotorCycle Holdings (ASX:MTO) | A$3.73 | A$275.3M | ✅ 4 ⚠️ 1 View Analysis > |
| Veris (ASX:VRS) | A$0.0745 | A$38.57M | ✅ 4 ⚠️ 2 View Analysis > |
| SHAPE Australia (ASX:SHA) | A$4.34 | A$357.38M | ✅ 3 ⚠️ 1 View Analysis > |
| West African Resources (ASX:WAF) | A$3.04 | A$3.47B | ✅ 4 ⚠️ 1 View Analysis > |
| Tasmea (ASX:TEA) | A$4.43 | A$1.08B | ✅ 3 ⚠️ 2 View Analysis > |
| Praemium (ASX:PPS) | A$0.79 | A$377.78M | ✅ 5 ⚠️ 2 View Analysis > |
Click here to see the full list of 441 stocks from our ASX Penny Stocks screener.
Let's review some notable picks from our screened stocks.
Cobram Estate Olives (ASX:CBO)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Cobram Estate Olives Limited is involved in the production and marketing of olive oil across Australia, the United States, and internationally, with a market cap of A$1.37 billion.
Operations: The company generates revenue from its Australian olive oil operations, amounting to A$183.82 million, and its US operations, contributing A$64.97 million.
Market Cap: A$1.37B
Cobram Estate Olives Limited, with a market cap of A$1.37 billion, has shown significant earnings growth, with net income rising from A$18.5 million to A$49.63 million in the past year. Despite a high net debt to equity ratio of 72%, the company's debt is well covered by operating cash flow at 21.7%. Its board and management team are experienced, contributing to stable weekly volatility (5%). While trading below estimated fair value by 75.5%, Cobram's short-term assets cover its liabilities effectively, though long-term liabilities remain uncovered by short-term assets. The company anticipates increasing its fully franked dividend payment in November 2025.
- Unlock comprehensive insights into our analysis of Cobram Estate Olives stock in this financial health report.
- Explore Cobram Estate Olives' analyst forecasts in our growth report.
Invictus Energy (ASX:IVZ)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Invictus Energy Limited is an independent upstream oil and gas company focused on exploring and appraising oil and gas properties in northern Zimbabwe, Africa, with a market cap of A$320.70 million.
Operations: Invictus Energy Limited currently does not report any revenue segments.
Market Cap: A$320.7M
Invictus Energy Limited, with a market cap of A$320.70 million, is pre-revenue and currently unprofitable. The company recently filed a follow-on equity offering worth A$37.84 million to bolster its financial position amid increased share price volatility and strategic investment discussions. Despite no debt and short-term assets of A$13.8 million covering liabilities of A$860,000, the cash runway was limited to one month based on previous free cash flow estimates before the capital raise. The experienced management team averages 7.3 years in tenure, while the board's average tenure is 4.3 years, indicating seasoned leadership amidst ongoing challenges.
- Dive into the specifics of Invictus Energy here with our thorough balance sheet health report.
- Assess Invictus Energy's previous results with our detailed historical performance reports.
Navigator Global Investments (ASX:NGI)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Navigator Global Investments, operating as HFA Holdings Limited, is a fund management company based in Australia with a market cap of A$1.08 billion.
Operations: The company generates revenue primarily from its Lighthouse segment, which accounted for $122.84 million.
Market Cap: A$1.08B
Navigator Global Investments, with a market cap of A$1.08 billion, has shown strong financial performance, reporting US$365.79 million in revenue and US$119.36 million in net income for the year ending June 30, 2025. The company is trading at a significant discount to its estimated fair value and maintains a healthy balance sheet with more cash than debt. Although its Return on Equity is considered low at 15%, earnings have grown significantly by 80% over the past year. Recent board changes include the appointment of Roger Davis as Chair, bringing extensive industry experience to guide future strategic initiatives.
- Click here to discover the nuances of Navigator Global Investments with our detailed analytical financial health report.
- Assess Navigator Global Investments' future earnings estimates with our detailed growth reports.
Summing It All Up
- Take a closer look at our ASX Penny Stocks list of 441 companies by clicking here.
- Looking For Alternative Opportunities? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.
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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