Unlock stock picks and a broker-level newsfeed that powers Wall Street.
ASX Penny Stocks To Watch In March 2025

In This Article:

The Australian market has experienced a challenging day, with the ASX200 closing down 0.9% at 7,890 points, driven by significant declines in the IT and Industrials sectors. Despite these broader market struggles, penny stocks continue to capture investor interest as they offer potential growth opportunities at lower price points. Often representing smaller or newer companies, these stocks can be appealing when backed by strong financial health and fundamentals, making them an intriguing area for investors seeking hidden gems in a volatile market landscape.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

EZZ Life Science Holdings (ASX:EZZ)

A$1.59

A$75.01M

★★★★★★

Bisalloy Steel Group (ASX:BIS)

A$3.24

A$153.74M

★★★★★★

GTN (ASX:GTN)

A$0.56

A$109.97M

★★★★★★

Regal Partners (ASX:RPL)

A$2.83

A$949.17M

★★★★★★

IVE Group (ASX:IGL)

A$2.22

A$343.85M

★★★★★☆

CTI Logistics (ASX:CLX)

A$1.68

A$131.06M

★★★★☆☆

West African Resources (ASX:WAF)

A$2.10

A$2.39B

★★★★★★

Perenti (ASX:PRN)

A$1.245

A$1.16B

★★★★★★

SHAPE Australia (ASX:SHA)

A$2.92

A$241.6M

★★★★★★

Accent Group (ASX:AX1)

A$1.82

A$1.03B

★★★★☆☆

Click here to see the full list of 1,007 stocks from our ASX Penny Stocks screener.

Let's review some notable picks from our screened stocks.

Comet Ridge

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

Overview: Comet Ridge Limited is an Australian company involved in the exploration, appraisal, and development of oil and gas resources with a market cap of A$137.59 million.

Operations: Comet Ridge Limited does not report specific revenue segments.

Market Cap: A$137.59M

Comet Ridge Limited, with a market cap of A$137.59 million, is a pre-revenue company focused on oil and gas exploration. Despite being unprofitable and not expected to achieve profitability in the next three years, it has managed to secure sufficient cash runway for over a year through recent capital raising efforts, including a follow-on equity offering of A$12.03 million. The company's seasoned board and management team bring extensive experience to its operations. However, challenges remain as short-term liabilities exceed short-term assets by A$17.9 million, and the debt-to-equity ratio has increased modestly over five years.

ASX:COI Financial Position Analysis as at Mar 2025
ASX:COI Financial Position Analysis as at Mar 2025

Pancontinental Energy

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

Overview: Pancontinental Energy NL focuses on the exploration of oil and gas properties in Namibia and Australia, with a market cap of A$130.19 million.