Best 3 ASX penny stocks to invest in right now

ASX penny stocks were in focus on Wednesday because they posted strong gains backed by impressive operational progress.

These top 3 ASX penny stocks from luxury, critical minerals and copper-gold mining spaces are now attracting renewed investor attention.

Cettire Limited (ASX: CTT) 

Cettire Limited jumped 9.88% on Wednesday which lifted its market capitalisation to $169.65 million and placed it back on watchlists as one of the top ASX penny stocks.

The company in Q1 FY26 reported sales revenue of $150.3 million which was down 3% year-on-year because of a difficult global luxury market.

Delivered margin was 15% because of higher promotional activity but adjusted EBITDA rose to $2.5 million which was $0.5 million higher than the prior corresponding period and also showed a strong sequential improvement compared to Q4 FY25.

Active customers were about 641000 which was down 8% year-on-year but repeat customers remained important because 68% of gross revenue came from repeat buyers.

Cettire will release its half year results for the period ended 31 December 2025 on 26 February 2026 which may provide more clarity on margin trends and its path towards sustained profitability.

G11 Resources Limited (ASX: G11)

G11 Resources Limited rose 9.38% on Wednesday and it has commenced drilling at the highly prospective Zig Zag copper gold target in Tasmania’s Mt Read Volcanic Belt about 3 weeks ago.

The drill rig is now on site at the Sedgwick project which sits directly along strike from the Mt Lyell Cu Au mine and the company has planned an initial 2,400 metres of diamond drilling to test a CSAMT anomaly next to the Great Lyell Fault.

The company recently completed the acquisition of Pacific State Metals and raised $7.5 million which will fund major drill programs throughout 2026 that target Tier 1 copper and gold deposits.
Additional strategic tenements in Tasmania which include the Linda and MRV projects have expanded its presence in a region that is known for world class mineral deposits.

The company at the end of the December 2025 quarter reported cash and cash equivalents of $4.79 million which provides an estimated 9.8 quarters of funding and makes it one of the top ASX penny stocks for investors right now.

VHM Limited (ASX: VHM) 

VHM Limited rose 11% on Wednesday after it announced key funding and approval milestones for its fully permitted Goschen Rare Earths and Mineral Sands Project in Victoria.

Regulatory progress was meaningful because the Cultural Heritage Management Plan received approval and the Victorian Government granted final Work Plan approval which moves the project towards a Final Investment Decision in the first half of CY2026.

The Goschen Project contains total Mineral Resources of 890Mt at 2.9% total heavy minerals and Ore Reserves of 220Mt at 3.6% THM which highlights its scale as one of Australia’s largest undeveloped rare earth and mineral sands projects.

The company during the quarter, completed a $11.6 million capital raise and ended December with $13.2 million in cash which provides about 4.6 quarters of funding based on current expenditure.

VHM now holds full permits and strong government backed funding support which places it among top ASX penny stocks for investors who want exposure to critical minerals space.

(Source: Company Reports)