ASX Penny Stocks To Watch In May 2025

ASX Penny Stocks To Watch In May 2025

editorial-team@simplywallst.com (Simply Wall St)

4 min read

In This Article:

The ASX200 is set to open slightly lower, reflecting a cautious sentiment despite strong gains on Wall Street, driven by robust Big Tech earnings. Penny stocks, while often considered a niche segment of the market, continue to offer intriguing opportunities for investors seeking growth at accessible price points. These smaller or newer companies can present significant potential when backed by sound financial health and fundamentals.

Name

Share Price

Market Cap

Financial Health Rating

CTI Logistics (ASX:CLX)

A$1.695

A$136.52M

★★★★☆☆

Accent Group (ASX:AX1)

A$1.885

A$1.07B

★★★★☆☆

EZZ Life Science Holdings (ASX:EZZ)

A$1.405

A$66.28M

★★★★★★

IVE Group (ASX:IGL)

A$2.62

A$403.96M

★★★★★☆

GTN (ASX:GTN)

A$0.60

A$115.38M

★★★★★★

West African Resources (ASX:WAF)

A$2.32

A$2.64B

★★★★★★

Bisalloy Steel Group (ASX:BIS)

A$3.30

A$156.59M

★★★★★★

Regal Partners (ASX:RPL)

A$2.06

A$692.5M

★★★★★★

Navigator Global Investments (ASX:NGI)

A$1.65

A$808.63M

★★★★★☆

NRW Holdings (ASX:NWH)

A$2.73

A$1.25B

★★★★★☆

Click here to see the full list of 988 stocks from our ASX Penny Stocks screener.

We're going to check out a few of the best picks from our screener tool.

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

Overview: 88 Energy Limited is involved in the exploration and production of oil and gas properties in the United States and Namibia, with a market cap of A$43.40 million.

Operations: 88 Energy Limited currently does not report any specific revenue segments.

Market Cap: A$43.4M

88 Energy Limited, with a market cap of A$43.40 million, is pre-revenue and currently unprofitable, having reported a net loss of A$32.82 million for 2024. Despite being debt-free and having experienced management and board teams, the company has less than a year of cash runway based on current free cash flow trends. The stock has shown high volatility recently and was dropped from the S&P/ASX Emerging Companies Index in March 2025. Short-term assets comfortably cover liabilities, yet its negative return on equity reflects ongoing financial challenges ahead of its upcoming earnings release on May 5, 2025.

ASX:88E Debt to Equity History and Analysis as at May 2025

ASX:88E Debt to Equity History and Analysis as at May 2025

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

Overview: Emerald Resources NL focuses on the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.71 billion.

Operations: The company generates revenue primarily from its Mine Operations segment, which accounts for A$427.32 million.

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