As Australian shares face a challenging start to the week, with the ASX 200 futures indicating a potential dip, investors are keenly observing market movements and economic data releases. In such fluctuating conditions, identifying stocks that combine financial stability with growth potential becomes crucial. While the term "penny stocks" may seem outdated, these smaller or emerging companies can still offer significant opportunities for investors who focus on those with strong balance sheets and promising outlooks.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Rewards & Risks |
| Alfabs Australia (ASX:AAL) | A$0.48 | A$137.56M | ✅ 4 ⚠️ 3 View Analysis > |
| EZZ Life Science Holdings (ASX:EZZ) | A$2.13 | A$100.48M | ✅ 3 ⚠️ 3 View Analysis > |
| Dusk Group (ASX:DSK) | A$0.885 | A$55.11M | ✅ 4 ⚠️ 2 View Analysis > |
| IVE Group (ASX:IGL) | A$2.86 | A$442.23M | ✅ 4 ⚠️ 2 View Analysis > |
| Veris (ASX:VRS) | A$0.078 | A$40.38M | ✅ 4 ⚠️ 2 View Analysis > |
| SHAPE Australia (ASX:SHA) | A$4.11 | A$338.44M | ✅ 3 ⚠️ 1 View Analysis > |
| West African Resources (ASX:WAF) | A$3.04 | A$3.47B | ✅ 4 ⚠️ 1 View Analysis > |
| Tasmea (ASX:TEA) | A$4.10 | A$1B | ✅ 3 ⚠️ 2 View Analysis > |
| Praemium (ASX:PPS) | A$0.79 | A$377.78M | ✅ 5 ⚠️ 2 View Analysis > |
| SKS Technologies Group (ASX:SKS) | A$2.76 | A$312.07M | ✅ 3 ⚠️ 1 View Analysis > |
Click here to see the full list of 442 stocks from our ASX Penny Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Airtasker (ASX:ART)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Airtasker Limited operates a technology-enabled online marketplace for local services in Australia and has a market cap of A$188.64 million.
Operations: The company generates revenue primarily from Established Marketplaces, which account for A$49.15 million, and New Marketplaces, contributing A$3.47 million.
Market Cap: A$188.64M
Airtasker Limited, with a market cap of A$188.64 million, recently reported full-year sales of A$52.62 million, up from A$46.64 million the previous year; however, it remains unprofitable with a net loss of A$31.57 million. The company benefits from an experienced board and management team and has not seen significant shareholder dilution over the past year. Despite its losses, Airtasker is debt-free and maintains a positive cash flow with a runway exceeding three years if current conditions persist. Its stock trades at 40.3% below estimated fair value, indicating potential undervaluation for investors seeking opportunities in penny stocks.
- Take a closer look at Airtasker's potential here in our financial health report.
- Gain insights into Airtasker's outlook and expected performance with our report on the company's earnings estimates.
Fenix Resources (ASX:FEX)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Fenix Resources Limited operates in Western Australia, offering mining, logistics, and port services with a market cap of A$282.77 million.
Operations: The company generates revenue primarily from its mining operations, amounting to A$316.09 million.
Market Cap: A$282.77M
Fenix Resources Limited, with a market cap of A$282.77 million, reported full-year sales of A$316.09 million but saw a significant drop in net income to A$5.4 million from the previous year’s A$33.64 million, highlighting challenges in maintaining profitability amid volatile earnings growth (-84% last year). The company's debt is well managed with interest payments covered 4.3 times by EBIT and satisfactory net debt to equity ratio at 9.6%. Despite low return on equity (3%), Fenix's stock trades at 45.3% below estimated fair value and offers dividends, though not fully covered by earnings or cash flows.
- Unlock comprehensive insights into our analysis of Fenix Resources stock in this financial health report.
- Examine Fenix Resources' earnings growth report to understand how analysts expect it to perform.
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$36.48 million.
Operations: The company's revenue is primarily generated from the ANZ region with A$8.59 million, followed by North Americas at A$6.35 million, and Asia contributing A$0.42 million.
Market Cap: A$36.48M
SenSen Networks Limited, with a market cap of A$36.48 million, has shown promising financial improvement by achieving profitability this year, reporting sales of A$15.36 million and net income of A$0.45 million for the full year ending June 30, 2025. The company benefits from strong regional revenue streams primarily in ANZ and North America. It maintains a healthy balance sheet with short-term assets exceeding liabilities and more cash than debt. However, the management team is relatively new with an average tenure of 1.6 years, which may pose challenges in strategic continuity as leadership transitions occur frequently within executive roles recently.
- Dive into the specifics of SenSen Networks here with our thorough balance sheet health report.
- Assess SenSen Networks' previous results with our detailed historical performance reports.
Make It Happen
- Click through to start exploring the rest of the 439 ASX Penny Stocks now.
- Want To Explore Some Alternatives? Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
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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