The Australian market has recently experienced a positive shift, with the ASX200 rising 1.3% and most sectors, particularly IT, showing gains. Amidst these broader market movements, penny stocks continue to capture investor interest as they offer potential growth opportunities at lower price points. Despite being an outdated term, penny stocks remain relevant for those seeking companies with strong financials and the possibility of long-term success.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Rewards & Risks |
| Dusk Group (ASX:DSK) | A$0.82 | A$51.68M | ✅ 4 ⚠️ 2 View Analysis > |
| IVE Group (ASX:IGL) | A$2.89 | A$451.85M | ✅ 4 ⚠️ 3 View Analysis > |
| MotorCycle Holdings (ASX:MTO) | A$3.61 | A$273.08M | ✅ 4 ⚠️ 2 View Analysis > |
| Veris (ASX:VRS) | A$0.07 | A$34.76M | ✅ 4 ⚠️ 2 View Analysis > |
| West African Resources (ASX:WAF) | A$3.04 | A$3.47B | ✅ 4 ⚠️ 2 View Analysis > |
| Praemium (ASX:PPS) | A$0.77 | A$377.96M | ✅ 5 ⚠️ 2 View Analysis > |
| Service Stream (ASX:SSM) | A$2.13 | A$1.32B | ✅ 4 ⚠️ 2 View Analysis > |
| Fleetwood (ASX:FWD) | A$2.58 | A$245.34M | ✅ 3 ⚠️ 2 View Analysis > |
| MaxiPARTS (ASX:MXI) | A$2.38 | A$131.64M | ✅ 3 ⚠️ 2 View Analysis > |
| GWA Group (ASX:GWA) | A$2.38 | A$635.01M | ✅ 5 ⚠️ 1 View Analysis > |
Click here to see the full list of 410 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Invictus Energy (ASX:IVZ)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Invictus Energy Limited is an independent upstream oil and gas company focused on the exploration and appraisal of oil and gas properties in northern Zimbabwe, Africa, with a market cap of A$264.57 million.
Operations: The company's revenue is derived entirely from its oil and gas segment, amounting to A$0.09 million.
Market Cap: A$264.57M
Invictus Energy, a pre-revenue company with a market cap of A$264.57 million, faces significant challenges as highlighted by its auditor's concerns about its ability to continue as a going concern. Despite having no debt and short-term assets exceeding liabilities, the company remains unprofitable with earnings declining over the past five years. The recent follow-on equity offering of A$37.84 million may provide some financial relief, extending its cash runway beyond the current nine months based on free cash flow estimates. However, volatility in share price and removal from the S&P/ASX Emerging Companies Index reflect ongoing investor uncertainty.
- Dive into the specifics of Invictus Energy here with our thorough balance sheet health report.
- Understand Invictus Energy's track record by examining our performance history report.
SenSen Networks (ASX:SNS)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: SenSen Networks Limited develops and sells SenDISA platform-based products and services across North America, Australia, New Zealand, and Asia, with a market cap of A$97.50 million.
Operations: The company's revenue is derived from three primary regions: ANZ with A$8.59 million, North Americas contributing A$6.35 million, and Asia generating A$0.42 million.
Market Cap: A$97.5M
SenSen Networks, with a market cap of A$97.50 million, has recently turned profitable, reporting net income of A$0.45 million for the year ending June 30, 2025. The company operates across ANZ, North America, and Asia with total sales of A$15.36 million. Despite its high volatility and relatively inexperienced management team (1.8 years average tenure), SenSen's financial health is supported by cash exceeding total debt and significant short-term assets covering liabilities. The strategic partnership with Point One Navigation aims to enhance precision in SenSen's AI-driven solutions for smart city management and enterprise operations through centimeter-accurate location data integration.
- Click to explore a detailed breakdown of our findings in SenSen Networks' financial health report.
- Understand SenSen Networks' earnings outlook by examining our growth report.
Venus Metals (ASX:VMC)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Venus Metals Corporation Limited focuses on the exploration of mineral tenements in Western Australia and has a market capitalization of A$35.30 million.
Operations: The company's revenue is derived entirely from the exploration of minerals, amounting to A$0.26 million.
Market Cap: A$35.3M
Venus Metals Corporation Limited, with a market cap of A$35.30 million, is pre-revenue and focuses on mineral exploration in Western Australia. Despite being unprofitable, the company has no debt and its short-term assets of A$16.6 million comfortably cover its liabilities. The board is experienced with an average tenure of 10.3 years, although management experience data is lacking. Recent earnings reported sales of A$0.26 million for the year ending June 30, 2025, but the company posted a net loss of A$0.11 million compared to a significant profit in the previous year due to fluctuating financial performance in exploration activities.
- Click here and access our complete financial health analysis report to understand the dynamics of Venus Metals.
- Evaluate Venus Metals' historical performance by accessing our past performance report.
Taking Advantage
- Investigate our full lineup of 410 ASX Penny Stocks right 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.
Valuation is complex, but we're here to simplify it.
Discover if Invictus Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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