3 ASX Penny Stocks With Market Caps Under A$500M To Watch

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The ASX200 recently closed up 0.19% at 8,555 points, nearing its all-time high as investor optimism grows ahead of the Reserve Bank of Australia's upcoming rate decision. In this context, penny stocks—though an older term—remain a relevant investment area for those interested in smaller or newer companies. These stocks can offer growth potential and affordability when backed by strong financials, presenting intriguing opportunities in today's market landscape.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

Embark Early Education (ASX:EVO)

A$0.775

A$142.2M

★★★★☆☆

LaserBond (ASX:LBL)

A$0.57

A$66.88M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.485

A$300.77M

★★★★★☆

IVE Group (ASX:IGL)

A$2.21

A$342.3M

★★★★☆☆

Helloworld Travel (ASX:HLO)

A$2.08

A$338.66M

★★★★★★

MaxiPARTS (ASX:MXI)

A$1.875

A$103.72M

★★★★★★

SHAPE Australia (ASX:SHA)

A$2.98

A$247.08M

★★★★★★

Bisalloy Steel Group (ASX:BIS)

A$3.40

A$162.87M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$2.02

A$95.29M

★★★★★★

GTN (ASX:GTN)

A$0.53

A$104.08M

★★★★★★

Click here to see the full list of 1,033 stocks from our ASX Penny Stocks screener.

We'll examine a selection from our screener results.

Asset Vision Co

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

Overview: Asset Vision Co Limited offers enterprise asset management solutions to public sector and enterprise clients in Australia and internationally, with a market cap of A$23.66 million.

Operations: Asset Vision Co generates revenue primarily from its SaaS Platform segment, which amounts to A$4.09 million.

Market Cap: A$23.66M

Asset Vision Co, with a market cap of A$23.66 million, primarily generates revenue from its SaaS platform totaling A$4.09 million. Despite being unprofitable, the company has managed to reduce losses by 51.2% annually over the past five years and maintains a cash runway exceeding three years due to positive free cash flow. The stock trades significantly below estimated fair value but exhibits high volatility compared to other Australian stocks. While short-term liabilities slightly exceed short-term assets, Asset Vision Co remains debt-free and has not diluted shareholders recently.

ASX:ASV Financial Position Analysis as at Feb 2025
ASX:ASV Financial Position Analysis as at Feb 2025

Kogan.com

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

Overview: Kogan.com Ltd is an online retailer operating in Australia with a market capitalization of A$458.81 million.

Operations: The company's revenue segments include Mighty Ape in Australia with A$11.20 million, Kogan Parent in Australia with A$277.82 million, Mighty Ape in New Zealand with A$135.34 million, and Kogan Parent in New Zealand with A$35.35 million.