4 ASX penny stocks worth considering in 2026

With investors favouring visible growth and balance sheet strength, recent updates across healthcare software, gold and base metals highlight improving momentum and long-term opportunity.

Alcidion Group Limited (ASX: ALC) 

continues to strengthen its position as a provider of mission critical healthcare software with momentum increasingly driven by long term contracts and recurring revenue growth. 
The company has a market capitalisation of approximately $167.86 million underpinned by rising contracted revenue and expanding recurring income streams.

The company secured $15.4 million in new Total Contract Value (TCV) including a $12.3 million expansion with Leidos Australia that added $2.5 million of Annual Recurring Revenue (ARR) lifting FY26 contracted revenue to $43.1 million as at December 2025 while maintaining a net cash balance of $14.2 million and no debt. 

The company is supported by a growing base of government and National Health Services (NHS) customers, expanding ARR, and multiple large opportunities progressing through procurement, including major UK EPR deployments. 

With management reaffirming positive EBITDA and operating cash flow guidance for FY26 improving cash conversion and a strong pipeline of long dated contracts, the company appears well positioned for earnings acceleration and re-rating potential as digital healthcare investment continues to scale.

African Gold Limited (ASX: A1G) 

valued at around $317.36 million highlighting strong market confidence following recent corporate and exploration developments.
The company has reported continued drilling success at the Blaffo Guetto deposit within its Didievi Gold Project in Côte d’Ivoire further strengthening the scale and continuity of the mineralised system. 

Recent 100-150 metre step out drilling extended mineralisation along the strike and at depth supporting future resource growth beyond current inferred resource of 989,000 ounces at 2.5g/t Au. 
High-grade intercepts and additional near surface mineralisation continue to be identified while preliminary metallurgical test work confirms a non-refractory orebody suitable for conventional CIL processing. 

Following the proposed acquisition by Montage Gold the project benefits from increased funding capacity and development expertise positioning Didievi for accelerated advancement toward a larger-scale gold development.

Latitude 66 Limited (ASX: LAT) 

currently has a market capitalisation of approximately $15.22 million, offering leveraged exposure to exploration success at the Laverton Gold Project.

The company has commenced its maiden 3,000m reverse circulation drilling program at Laverton Gold Project in Western Australia targeting resource growth at the Red Dog and Tin Dog prospects. 
The program aims to extend existing mineralisation along strike and at depth with results expected in Q1 2026. 

An accompanying exploration Target of 200-450koz at 1.0-1.3 g/t Au highlights strong upside potential while mineralisation remains open below 200 metres supporting further growth as drilling progresses.

Prospect Resources Limited (ASX: PSC) 

continue to advance its Mumbezhi Copper Project in Zambia with recent drilling and re-assay results confirming growing scale and by-product potential. 

Re-assaying at Nyungu Central identified gold mineralisation in 26 of 32 holes supporting potential gold credits alongside copper. 

The company’s valued at around $243.25 million reflecting the growing scale and multi-metal potential of its Mumbezhi Copper Project.

Multiple high priority EM targets have also been identified regionally with an updated Mineral Resource Estimate expected in late Q1 2026 positioning the project for further growth.

(Source: Company Announcements)