If you are looking for fresh seafood with reasonable pricing at Penang, I would like to recommend Pearl Garden Cafe at Tanjung Tokong. Though this place is quite far from the city center towards the north of Penang Island, what you had at this place is really worth for all the travelling! You can find this place by using Waze or Google Map if you have no idea about where this place is. Try to be early as possible to avoid huge crowd and congestion at the horrible parking place, and make sure that you make your booking for the prawns and crab to avoid disappointment. The famous dishes at this place are salted grill crab and prawns and oyster omelette. Others are just "so-so" only.
Flour coated fried squid.. Very simple dish but I am sure that many places can offer the same thing.
Sweet and sour La-la.. A bit tasteless but good for the old folks! =p Most importantly is the freshness of it!
Famous oyster omelette.. I like it because it has a bit of the burn smell from the wok!
Salted grilled prawns.. You can eat and eat and eat without bothering about the cholesterol!
Salted grilled crab.. Tasted so good as it's! No sauce is needed or else you can't taste the freshness of the crab at all!
I have forgotten about the price but it was quite reasonable. Though they have not many cooking ways to prepare each dishes but one super fine way is good enough to keep you to remember their food. =) So, never forget to book a place and order before you go there. You can call 04-8990375 for reservation.
Enjoy and have a nice weekend!