ASX Penny stocks under 1$ to buy in November

Penny stocks often fly under the radar but the right ones can deliver great returns and these ASX stocks are quietly building momentum and worth watching closely in November.

ASX Penny stocks under 1$

Emmerson Resources Limited (ASX: ERM)

Archer Materials Limited (ASX: AXE) 

29Metals Limited (ASX: 29M) 

Dusk Group Limited (ASX: DSK) 

Emmerson Resources Limited (ASX: ERM) 

is moving forward with its Tennant Creek gold-copper projects which is backed by JV partners and a pretty clear road towards development. 

One of the biggest highlights in the September quarter was the White Devil Scoping Study which confirmed it as a major mine and because of this Emmerson now retains its 40% contributing interest under the JV structure. 

The mine outlook points to about a 7-year life with around 64koz per year production and expected AISC sitting around $2,050/oz.

The company ended the quarter with roughly $4.2 million cash on hand and no debt which gives good flexibility for future work.

Archer Materials Limited (ASX: AXE) 

is making steady progress in its biosensing and quantum technology projects. 
On 29 October 2025, the test results showed Archer’s blood-potassium Biochip can be built on silicon and still keep ±0.3 mM clinical-grade accuracy.

Archer posted a net loss of around $6.97 million in FY25 because it’s still spending on Research and Development for both quantum and biosensor programs. 
The company finished the year with $13.7 million cash and zero debt, so it still has good flexibility for its development needs.

Archer stays focused on creating new semiconductor technology that can support future growth in quantum computing, sensors and medical diagnostics.

29Metals Limited (ASX: 29M) 

in the September quarter update showed decent progress at Golden Grove and steps being taken for restarting things in Queensland. 
In the latest quarter, Golden Grove produced around 5.8kt of copper, slightly up from 5.6kt in the last quarter which was helped by better grades and recoveries.

The group’s liquidity still looks solid with about $153 million in cash and total available liquidity of roughly $168 million as of 30 September 2025.
Going forward, the main focus includes reducing risks for the Capricorn Copper restart along with finishing ground support work at Xantho and pushing the Gossan Valley project so that it can get first ore by late 2026. 

Dusk Group Limited (ASX: DSK) 

is building its position as one of Australia’s top home-fragrance retailers. 
The company is focused on refreshing the brand, adding new product categories along with improving both offline and online experience. 
In FY25, total sales came in at $137.8 million which is up 8.7% from last year and Like-for-like sales grew 7.1%.

The company finished FY25 with about $20.2 million in net cash and paid dividends of 12 cents per share compared to 6.5 cents in FY24 as Dusk Group looks set for more revenue growth and better profitability in FY26.

(Source: Company Announcements)