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The ASX200 is set to open slightly higher today, reflecting optimism from a recent US market rally driven by hopes of resolving trade tensions. In light of these developments, investors are increasingly exploring diverse opportunities within the Australian market. Penny stocks, while often considered niche investments, continue to attract attention for their potential growth prospects and affordability. This article will explore several penny stocks that stand out due to their financial health and potential for long-term growth.
Top 10 Penny Stocks In Australia
| Name | Share Price | Market Cap | Financial Health Rating |
| CTI Logistics (ASX:CLX) | A$1.74 | A$140.15M | ★★★★☆☆ |
| Accent Group (ASX:AX1) | A$1.94 | A$1.1B | ★★★★☆☆ |
| EZZ Life Science Holdings (ASX:EZZ) | A$1.55 | A$73.12M | ★★★★★★ |
| IVE Group (ASX:IGL) | A$2.71 | A$417.83M | ★★★★★☆ |
| GTN (ASX:GTN) | A$0.625 | A$119.45M | ★★★★★★ |
| GR Engineering Services (ASX:GNG) | A$2.69 | A$450.18M | ★★★★★★ |
| Bisalloy Steel Group (ASX:BIS) | A$3.34 | A$158.48M | ★★★★★★ |
| Regal Partners (ASX:RPL) | A$2.43 | A$816.88M | ★★★★★★ |
| Navigator Global Investments (ASX:NGI) | A$1.515 | A$742.47M | ★★★★★☆ |
| NRW Holdings (ASX:NWH) | A$2.83 | A$1.29B | ★★★★★☆ |
Click here to see the full list of 988 stocks from our ASX Penny Stocks screener.
We'll examine a selection from our screener results.
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 capitalization of A$79.66 million.
Operations: The company generates revenue from its exploration activities, amounting to A$0.08 million.
Market Cap: A$79.66M
Horizon Gold Limited, with a market cap of A$79.66 million, remains pre-revenue, generating minimal income from exploration activities. Despite being debt-free and having stable weekly volatility at 12%, the company faces challenges with short-term assets (A$3.7M) not covering long-term liabilities (A$11.9M). Recent executive changes saw Peter Sullivan become Executive Chairman to enhance corporate development amid the Gum Creek Feasibility Study. Although Horizon reported a slight net income improvement for the half-year ending December 2024, its cash runway is limited if free cash flow growth persists at historical rates.
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Take a closer look at Horizon Gold's potential here in our financial health report.
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Understand Horizon Gold's track record by examining our performance history report.
ioneer
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: ioneer Ltd is involved in the exploration and development of mineral properties in North America, with a market cap of A$329.79 million.