Best ASX Penny Stocks To Buy In November

The penny-stock scene is buzzing as several ASX-listed names show clear progress and have positioned themselves for a potential breakout in FY26.

Best ASX Penny Stocks 

GTN Limited (ASX: GTN) 

Nyrada Inc (ASX: NYR) 

Frontier Energy Limited (ASX: FHE) 

Ashley Services Group Limited (ASX: ASH) 

GTN Limited (ASX: GTN) 

GTN Limited is showing steady recovery as the company continues to rebuild advertising demand, expand its partnerships and strengthen its financial base across Australia, the United Kingdom, Canada and Brazil. 
GTN is one of the world’s largest broadcast traffic information providers, delivering audio traffic reports to radio and TV stations in exchange for advertising inventory which it then sells to commercial advertisers.

GTN’s FY25 performance was affected by softer advertising conditions and around $4.1 million in one-off costs, which contributed to revenue going down to $180.2 million, adjusted EBITDA falling to $16.6 million and NPATA was $8.7 million. 

Looking into FY26, GTN expects advertiser demand to gradually improve as economic conditions stabilise and the company is also exploring opportunities to diversify revenue streams.

Nyrada Inc (ASX: NYR) 

Nyrada Inc is going through a major phase as it shifts from discovery to clinical execution with its first-in-class drug Xolatryp which is aimed at protecting the brain and heart after severe injury.
The company finished its Phase I trial with no safety concerns and great pharmacokinetic results.
Nyrada is also in active discussions with global research partners and clinical institutions, aiming to fast-track trial sites as it moves toward human proof-of-concept results.

The company has a cash balance of $7.92 million as of 30 September 2025 and HREC submission for Phase IIa trial is expected to be lodged in 2QFY2026 while patient dosing is expected to start in 3QFY2026.

Frontier Energy Limited (ASX: FHE) 

is moving towards becoming a major renewable power producer as it secured 88.06 MW of peak capacity credits for Stage One of its Waroona Project.

This allocation is expected to generate around $32 million in annual revenue from 2027–2028 and forming a guaranteed income stream of at least $160 million over the first five years of operation.
The company also laid out a multi-stage expansion strategy to turn the site into a 1GW-plus renewable hub that aligns with WA’s planned coal and gas retirements.

Frontier ended the quarter with $4 million cash and with a clear multi-year expansion roadmap, the company is positioning itself to grow into a multi-bagger for investors.

Ashley Services Group Limited (ASX: ASH) 

has kicked off FY26 with one of its most impressive quarters to date.
The September quarter revenue came in at $150.3 million which is up by 17 percent from the same period last year and EBITDA for the quarter jumped to $3.74 million.

EBITDA margins expanded to 2.49 percent from just 0.69 percent last year and net profit after tax for Q1 came in at $1.65 million which is a sharp turnaround from the $0.25 million loss in the first quarter of FY25.

With record revenue and improved profitability, Ashley Services Group looks set to do well in FY26 helped by continued demand for labour hire and rising enrolments across its training operations.

(Source: Company Reports)