ASX Penny Stocks With Market Caps Over A$700M To Consider

Simply Wall St

Sun, February 15, 2026 at 10:04 PM EST 4 min read

As Australian shares head for a potential record-breaking week, the local market is abuzz with activity, driven by a flurry of quarterly reports from major companies. For investors willing to explore beyond the well-known names, penny stocks—often representing smaller or newer companies—remain an intriguing area of investment. Despite the term’s somewhat outdated feel, these stocks can offer surprising value and stability when backed by strong financial health.

Click here to see the full list of 417 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: Chalice Mining Limited is a mineral exploration and evaluation company with a market cap of A$714.73 million.

Operations: Chalice Mining Limited does not report any specific revenue segments.

Market Cap: A$714.73M

Chalice Mining, with a market cap of A$714.73 million, is pre-revenue and remains unprofitable. Despite this, the company has no debt and maintains a strong cash position with short-term assets of A$81.2 million exceeding both its short-term and long-term liabilities. The management team is relatively new, which may impact strategic direction; however, the board’s experience offers stability. Recent insider selling could be concerning for investors looking for confidence in internal sentiment. Chalice Mining recently addressed compliance issues within its audit committee to align with ASX guidelines, demonstrating a commitment to corporate governance improvements.

• Click here to discover the nuances of Chalice Mining with our detailed analytical financial health report.

• Gain insights into Chalice Mining’s future direction by reviewing our growth report.

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

Overview: Peet Limited acquires, develops, and markets residential land in Australia with a market cap of A$901.21 million.

Operations: The company’s revenue is primarily derived from Company Owned Projects (A$313.24 million), Funds Management (A$56.39 million), and Joint Arrangements (A$51.88 million).