ASX Penny Stocks Worth Watching in April 2025

April 25, 2025 10:30 PM AEST | By Team Kalkine Media
 ASX Penny Stocks Worth Watching in April 2025
Image source: Shutterstock

Highlights:

  • The Australian equities market maintains momentum despite external pressures on key sectors.

  • Several penny stocks have demonstrated operational stability with diverse sector exposure.

  • Mining, biotech, and engineering firms are among those showing measurable financial resilience.

Australia’s equity landscape continues to show stability even as international developments, such as trade disruptions involving metals and pharmaceuticals, pose external pressures. The ASX200 index has returned to levels seen before recent global tariff announcements, pointing to overall market endurance. Within this broader context, companies with relatively low share prices—commonly referred to as penny stocks—remain an area of activity across multiple sectors.

Penny Stock Listings from the Industrial and Healthcare Space

Penny stocks, generally defined by lower share prices and smaller market capitalisation, span various industries across the ASX. While they often trade below institutional radar, certain names within this segment maintain structured business operations supported by fundamentals. Companies like CTI Logistics, EZZ Life Science Holdings, and IVE Group operate in logistics, biotechnology, and marketing services, respectively. Each brings different strengths, ranging from service network reach to niche product development, while also managing inherent sector-specific challenges.

Macmahon Holdings (ASX:MAH)

Macmahon Holdings is involved in providing mining and infrastructure services. The company supports both surface and underground projects across Australia and Southeast Asia. A recently secured agreement to extend operations at the Byerwen coking coal mine has added significantly to its contracted work pipeline.

Financially, Macmahon has shown the ability to service its financial obligations through cash flow from operations. Despite pressure on margins, it maintains a viable balance sheet and continues to secure work in long-cycle resource projects.

Race Oncology (ASX:RAC)

Race Oncology operates in the pharmaceutical research segment, focusing on cancer therapy development. Its key product candidate, RC220, is undergoing clinical evaluation. Although the company does not generate revenue at this stage, it maintains access to sufficient capital resources to fund ongoing operations and research efforts for an extended period.

This structure allows Race Oncology to concentrate on trial progression without frequent capital raising interruptions, a notable aspect for entities in the clinical research space.

Southern Cross Electrical Engineering (ASX:SXE)

Southern Cross Electrical Engineering delivers electrical, instrumentation, and maintenance services across industries such as resources, infrastructure, and defence. It has reported measurable gains in earnings, attributed to project execution and operational scale.

From a financial standpoint, its short-term assets exceed its liabilities, supporting stable liquidity. Earnings data also reflect an upward trajectory, reinforcing operational alignment with client demand and project delivery.

Broader Market Snapshot

These companies represent only a fraction of the broader group of ASX-listed penny stocks. Each has continued its operations despite external market turbulence, and their financial disclosures indicate a range of responses to sector-specific and macroeconomic conditions. Industrial services, healthcare research, and infrastructure support continue to offer active participants in the market with various entry points based on individual firm fundamentals and operational history.


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