Top ASX Penny Stocks to Watch in March 2025

March 28, 2025 07:42 PM AEDT | By Team Kalkine Media

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Top ASX Penny Stocks to Watch in March 2025 — Image source: shutterstock

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Highlights:

Accent Group Limited operates in the retail sector across Australia and New Zealand.

Fenix Resources Limited is engaged in mineral exploration and mining in Western Australia.

Bathurst Resources Limited focuses on coal exploration and production in New Zealand.

Accent Group Limited (ASX:AX1)

Accent Group Limited is involved in the retail, distribution, and franchising of lifestyle footwear, apparel, and accessories across Australia and New Zealand. The company operates through retail and wholesale segments, with the retail segment contributing a significant portion of its revenue. The company has experienced leadership, with recent board appointments aimed at strengthening governance. Despite challenges such as fluctuating dividends and a recent decline in earnings, Accent Group maintains strong cash flow to support its financial obligations.

Fenix Resources Limited (ASX:FEX)

Fenix Resources Limited is focused on mineral exploration, development, and mining in Western Australia. Its revenue sources include mining operations, logistics, and port services. The company has shown financial stability with short-term assets exceeding liabilities and a cash reserve that surpasses total debt. Over the past year, Fenix Resources has maintained stable weekly volatility. For the half-year period ending in December, the company reported an increase in sales, although net income declined compared to the previous period due to lower profit margins.

Bathurst Resources Limited (ASX:BRL)

Bathurst Resources Limited operates in the coal sector, focusing on exploration, development, and production in New Zealand. The company's revenue is generated from export and domestic sales, with exports accounting for a large share. Bathurst Resources has demonstrated financial stability by remaining debt-free and maintaining stable weekly volatility. Although the company has a record of high-quality earnings, recent performance has shown a decline in earnings and profit margins. In March, Bathurst Resources was removed from the S&P/ASX All Ordinaries Index. Its valuation, measured by the price-to-earnings ratio, remains lower than the broader Australian market average.

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