3 Promising ASX Penny Stocks With Market Caps Over A$10M

The Australian market remained flat over the last week, but it has seen a 22% rise in the past 12 months, with earnings forecasted to grow by 12% annually. For investors willing to explore beyond established names, penny stocks—often smaller or newer companies—can offer intriguing opportunities. While the term might seem outdated, these stocks can still provide significant growth potential when supported by strong financials and solid fundamentals.