ASX Penny Stocks To Consider In May 2025
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The Australian market has shown mixed performance, with the ASX200 closing up slightly at 8,409 points, driven by gains in the Energy and IT sectors. Despite some fluctuations across various sectors, investors continue to seek opportunities that can offer both stability and potential growth. Though penny stocks might seem like a term from yesteryear, they remain relevant for those looking to invest in smaller or newer companies with solid financials and promising prospects.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Financial Health Rating |
| Lindsay Australia (ASX:LAU) | A$0.71 | A$225.19M | ★★★★☆☆ |
| CTI Logistics (ASX:CLX) | A$1.85 | A$149.01M | ★★★★☆☆ |
| Accent Group (ASX:AX1) | A$1.865 | A$1.12B | ★★★★☆☆ |
| EZZ Life Science Holdings (ASX:EZZ) | A$1.535 | A$72.41M | ★★★★★★ |
| IVE Group (ASX:IGL) | A$2.57 | A$396.25M | ★★★★★☆ |
| GTN (ASX:GTN) | A$0.60 | A$114.54M | ★★★★★★ |
| Bisalloy Steel Group (ASX:BIS) | A$3.54 | A$167.97M | ★★★★★★ |
| Regal Partners (ASX:RPL) | A$2.14 | A$719.39M | ★★★★★★ |
| Tasmea (ASX:TEA) | A$2.81 | A$657.65M | ★★★★★☆ |
| Southern Cross Electrical Engineering (ASX:SXE) | A$1.74 | A$460.07M | ★★★★★★ |
Click here to see the full list of 996 stocks from our ASX Penny Stocks screener.
Let's dive into some prime choices out of the screener.
Canyon Resources
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Canyon Resources Limited, with a market cap of A$384 million, is involved in the exploration and development of mineral properties in West Africa.
Operations: Canyon Resources Limited does not report separate revenue segments.
Market Cap: A$383.99M
Canyon Resources Limited, with a market cap of A$384 million, is pre-revenue and currently unprofitable. Its share price has been highly volatile over the past three months. The company has no debt and its short-term assets of A$15.8 million exceed its short-term liabilities of A$1.2 million, but it has less than a year of cash runway based on current free cash flow trends. Despite these challenges, Canyon was recently added to the S&P/ASX Emerging Companies Index and All Ordinaries Index, indicating some recognition within the investment community despite reporting an increased net loss for the recent half-year period.
EDU Holdings
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: EDU Holdings Limited, with a market cap of A$42.15 million, operates through its subsidiaries to provide tertiary education services in Australia.
Operations: The company's revenue is derived from its subsidiaries, with Ikon Institute of Australia contributing A$28.05 million and Australian Learning Group Pty Limited generating A$14.13 million.