A penny stock refers to a small company's shares that generally trade for lower than$ 5 per share. Penny stocks are generally considered high- threat investments due to their low price, lack of liquidity, small request capitalization and wide shot- ask spread. Although some penny stocks trade on large exchanges similar as the New York Stock Exchange( NYSE), utmost penny stocks trade via untoward sale via mechanisms like the OTC bulletin board( OTCBB), also known as the" pink wastes."

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