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Amidst fears of a looming recession and significant market turmoil, Australian shares are bracing for a substantial downturn, with the ASX 200 expected to experience its steepest decline since the early COVID-19 pandemic days. Despite this challenging backdrop, penny stocks continue to capture investor interest as they offer potential growth opportunities in smaller or newer companies. These stocks, while often overlooked due to their niche status, can provide compelling investment prospects when backed by strong financial health and resilience.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Financial Health Rating |
| CTI Logistics (ASX:CLX) | A$1.55 | A$120.92M | ★★★★☆☆ |
| EZZ Life Science Holdings (ASX:EZZ) | A$1.46 | A$68.87M | ★★★★★★ |
| IVE Group (ASX:IGL) | A$2.32 | A$358.42M | ★★★★★☆ |
| GTN (ASX:GTN) | A$0.60 | A$115.64M | ★★★★★★ |
| West African Resources (ASX:WAF) | A$2.26 | A$2.58B | ★★★★★★ |
| Bisalloy Steel Group (ASX:BIS) | A$3.00 | A$142.35M | ★★★★★★ |
| Regal Partners (ASX:RPL) | A$1.975 | A$662.41M | ★★★★★★ |
| SHAPE Australia (ASX:SHA) | A$2.92 | A$241.6M | ★★★★★★ |
| NRW Holdings (ASX:NWH) | A$2.60 | A$1.19B | ★★★★★☆ |
| LaserBond (ASX:LBL) | A$0.385 | A$45.17M | ★★★★★★ |
Click here to see the full list of 977 stocks from our ASX Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
Barton Gold Holdings
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Barton Gold Holdings Limited is involved in the exploration and development of mineral projects in South Australia, with a market cap of A$78.78 million.
Operations: Currently, there are no reported revenue segments for Barton Gold Holdings Limited.
Market Cap: A$78.78M
Barton Gold Holdings Limited, with a market cap of A$78.78 million, is a pre-revenue company involved in mineral exploration in South Australia. Recent high-grade assay results from the Tolmer prospect at its Tarcoola Gold Project highlight potential for significant gold and silver mineralization, indicating promising exploration prospects. Despite being debt-free and having sufficient cash runway for over a year, Barton remains unprofitable with no meaningful revenue streams. The company reported net income of A$3.12 million for the half-year ending December 2024, contrasting with losses from the previous year, suggesting financial improvements amidst ongoing exploration activities.
Horizon Gold
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Horizon Gold Limited focuses on the exploration, evaluation, development, and production of gold deposits in Australia with a market cap of A$64.45 million.