Answer / chandrasekhar

In the U.S. financial markets, the term penny stock
commonly refers to any stock trading outside one of the
major exchanges (NYSE, NASDAQ, or AMEX), and is often
considered pejorative. However, the official SEC definition
[1] of a penny stock is a low-priced, speculative security
of a very small company, regardless of market
capitalization or whether it trades on a securitized
exchange (like NYSE or NASDAQ) or an "over the counter"
listing service, such as the OTCBB or Pink Sheets. The
terms penny stock, microcap stock, small caps, and nano
caps are sometimes all used interchangeably, however per
the SEC definition, penny stock status is determined by
share price, not market capitalization or listing service.

In the UK markets, a penny stock, or penny shares, as they
are more commonly called, generally refer to a stock and
shares in small cap companies, defined as being companies
with a market capitalization of less than £100 million
and/or a share price of less than £1 with a bid/offer
spread greater than 10%. In the UK Penny Shares are covered
by a standard regulatory risk warning issued by the
Financial Services Authority(FSA).

Answer / raju.e

penny stocks are stocks, that traded at vrry low prices,
but subject to extremely high risk.

Answer / sirisha

In the United States, a penny stock is a common stock that
trades for less than two cents a share and are traded over
the counter (OTC) through quotation services such as the OTC
Bulletin Board or the Pink Sheets. Although a penny stock is
said to be "thinly traded," share volumes traded daily can
be in the hundreds of millions for a sub-penny stock.
Legitimate information on penny stock companies can be
difficult to find and a stock can be easily manipulated.[1]

Answer / prasanna

A stock that trades at a relatively low price and market
capitalization, usually outside of the major market
exchanges. These types of stocks are generally considered
to be highly speculative and high risk because of their
lack of liquidity, large bid-ask spreads, small
capitalization and limited following and disclosure. They
will often trade over the counter through the OTCBB and
pink sheets.

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