by YoTuT
A penny stock is a low-priced, usually much less than , common stock, which trades in more than the counter markets (OTC) and not on any of the major exchanges such as NYSE, NASDAQ or AMEX. Normally penny stocks represent share in little companies, with market place capitalization under million. Nevertheless, they represent a great % of the daily trading volume.
Listing requirements for penny stocks are the minimum. Nevertheless, the lack of minimum accounting standards,
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