Australian shares are poised for a significant uptick, with ASX 200 futures showing a robust increase following positive geopolitical developments. In this context, penny stocks—small-cap companies that often fly under the radar—continue to intrigue investors looking for potential growth opportunities. While the term “penny stocks” may seem outdated, these investments can still offer valuable prospects when they exhibit strong financial health and clear growth paths.

Here’s a peek at a few of the choices from the screener.

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

Overview: Havilah Resources Limited, with a market cap of A$251.28 million, is involved in the exploration and evaluation of mineral exploration tenements and mining leases in Australia.

Operations: Havilah Resources Limited does not report any specific revenue segments.

Market Cap: A$251.28M

Havilah Resources Limited, with a market cap of A$251.28 million, is pre-revenue and unprofitable but has shown progress by reducing losses over the past five years at a rate of 20.9% annually. The company recently reported a net loss of A$1.08 million for the half year ended January 2026, slightly improved from the previous year. Its strong financial position is highlighted by short-term assets of A$23.5 million exceeding both short-term and long-term liabilities significantly, while remaining debt-free enhances its financial stability in the volatile penny stock market segment in Australia.

• Get an in-depth perspective on Havilah Resources’ performance by reading our balance sheet health report here.

• Explore historical data to track Havilah Resources’ performance over time in our past results report.

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

Overview: Jupiter Mines Limited is an independent mining company based in Australia, with a market capitalization of A$530.78 million.

Operations: The company generates revenue from its manganese operations in South Africa, amounting to A$9.45 million.

Market Cap: A$530.78M

Jupiter Mines Limited, with a market capitalization of A$530.78 million, operates in the manganese sector with revenues of A$9.45 million from South Africa. Despite declining earnings over the past five years at 10.2% annually, recent growth at 9.5% indicates potential recovery. The company maintains a strong balance sheet, with short-term assets surpassing both short-term (A$26M) and long-term liabilities (A$15.7M), and remains debt-free which is advantageous in the penny stock realm. However, its dividend yield of 5.56% is not well-supported by free cash flows and insider selling has been significant recently.