10 Best Performing Penny Stocks in Australia

Penny stocks can be risky, but they also bring big rewards. In Australia, some small companies are making huge gains. These stocks trade for less than $5 but can grow fast. Many investors are looking for the next big winner in this space.

We will explore the 10 best-performing penny stocks in Australia. These companies are growing in mining, tech, and renewable energy. Some have surged over 20% this year. We’ll look at why they are rising, their future potential, and key market trends.

10 Best Performing Penny Stocks in Australia

1. Larvotto Resources (ASX: LRV)

• Company Overview: Larvotto Resources is an Australian company exploring minerals like gold and antimony. Their main project is the Hillgrove Gold-Antimony Project in New South Wales. This site has a significant resource of 1.7 million ounces of gold equivalent.

• Recent Performance: In 2024, Larvotto's shares soared over 800%. This surge followed their acquisition of the Hillgrove mine and a sharp rise in antimony prices. China's ban on antimony exports led to prices jumping to US $40,000 per tonne, boosting Larvotto's market position.

• Market Trends: The global demand for antimony, used in batteries and electronics, is increasing. Larvotto's focus on this mineral positions them well to benefit from this trend.

2. Embark Early Education (ASX: EVO)

• Company Overview: Embark Early Education operates childcare centers across Australia. It provides quality early childhood education and care services. The company focuses on expanding its reach and improving service quality.

• Market Performance: The stock is currently trading at A$0.79 with a market cap of A$141.28 million. Investors are optimistic about the growing demand for childcare services.

• Growth Potential: Government funding and increased awareness of early childhood education boost Embark’s prospects. The company continues to acquire new centers to expand its footprint.

3. LaserBond (ASX: LBL)

• Company Overview: LaserBond specializes in surface engineering. It enhances the durability and performance of industrial components. The company’s technology reduces wear and tear, extending equipment life.

• Market Performance: The stock is valued at A$0.575 with a market cap of A$66.82 million. It has shown steady growth, attracting investor interest.

• Future Outlook: LaserBond’s innovative solutions are in demand with industries focusing on cost efficiency. Expansion into international markets could drive future growth.

4. Austin Engineering (ASX: ANG)

• Company Overview: Austin Engineering manufactures custom mining equipment. It supplies dump truck bodies, excavator buckets, and other heavy machinery parts.

• Market Performance: The stock is trading at A$0.50 with a market cap of A$310.07 million. The company benefits from the rising demand for mining equipment.

• Industry Trends: Austin Engineering is well-positioned for growth with global mining activities increasing. Its strong client base ensures steady revenue.

5. MaxiPARTS (ASX: MXI)

• Company Overview: MaxiPARTS supplies truck and trailer parts across Australia. It offers a wide range of products for the road transport industry.

• Market Performance: The stock price is A$1.90, with a market cap of A$106.21 million. The company has reported consistent revenue growth.

• Growth Factors:  MaxiPARTS is set to benefit as logistics and transport industries expand. The company’s strong distribution network supports its market position.

6. GTN (ASX: GTN)

• Company Overview: GTN provides broadcast media advertising. It specializes in delivering traffic and news information reports.

• Market Performance: The stock trades at A$0.535, with a market cap of A$105.06 million. The advertising industry’s recovery supports GTN’s financial performance.

• Opportunities Ahead: GTN expects steady growth with businesses increasing their advertising budgets. Its partnerships with major broadcasters strengthen its market presence.

7. Helloworld Travel (ASX: HLO)

• Company Overview: Helloworld Travel operates as a travel distribution company. It offers retail, wholesale, and corporate travel services.

• Market Performance: The stock is priced at A$1.94 with a market cap of A$322.38 million. The post-pandemic travel recovery has boosted its revenue.

• Future Prospects: As international travel rebounds, Helloworld Travel stands to gain. Expanding online booking services could drive additional growth.

8. Brainchip Holdings (ASX: BRN)

• Company Overview: Brainchip Holdings is a key player in neuromorphic computing, developing advanced AI processors that mimic the human brain. Their cutting-edge technology enables real-time learning with low power consumption, making it ideal for edge AI applications.

• Market Potential: Brainchip has secured partnerships in the automotive and aerospace sectors, positioning itself for strong growth in the rapidly expanding AI industry. As demand for smarter, energy-efficient AI solutions rises, Brainchip is well-placed to capitalize on industry trends.

9. Botanics Pharmaceuticals Limited (ASX: BNB)

• Company Overview: Botanics Pharmaceuticals focuses on dermatology, using synthetic cannabidiol to develop novel treatments for skin diseases.

• Recent Developments: The company’s lead product, Soft Peroni Bromide, targets hyperhidrosis (excessive sweating) and has shown strong results in clinical trials. With increasing demand for effective dermatological solutions, Botanics presents a promising investment opportunity.

10. Everest Metals Corporation Limited (ASX: EMC)

• Company Overview: Everest Metals Corporation is engaged in exploring and developing critical minerals like rubidium and lithium.

• Project Potential: Their Mount Eden Project has demonstrated high recovery rates of these valuable minerals, essential for high-tech industries and renewable energy solutions. As the world transitions to clean energy, EMC’s strategic positioning in the critical minerals market offers substantial growth potential.

Final Thoughts

These 10 ASX penny stocks have good potential in their industries. They offer exciting chances but can also be risky. Investing in these penny stocks gives access to different sectors. It's important to study them well,  do your research, and talk to a financial expert and get advice before making any decisions.

Frequently Asked Questions (FAQs)

What are the 10 best penny stocks to buy?

According to investors and analysis of stats, top ASX penny stocks include Embark Early Education, LaserBond, Austin Engineering, MaxiPARTS, GTN, Helloworld Travel, Botanics Pharmaceuticals Limited, Everest Metals Corporation Limited, Ovanti, and Brainchip Holdings.

What are shares under $1 in Australia?

Australian shares trading under $1 include Petratherm (ASX: PTR), Osmond Resources (ASX: OSM), Ovanti (ASX: OVT), and James Bay Minerals (ASX: JBY).

Which penny stock gives the highest return?

Petratherm (ASX: PTR) has shown significant returns, with a 900% increase over the past three months.