Answer Posted / 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).
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is Financial planning?
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
what is the difference between Assets Allocation & Security selection?
please give me a last 10 years sbi clerk question and answer paper
what is buy bach shares?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
what do Loan Loss Coverage Ratio mens describe it with examples?
Debit Note & Credit Note?
Please explain a Representative Personal Account.
what are valuation accounts?
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
give me only one transactions in both side (debit&credit) should be in real accounts
why do think you are best candicate for this post.
What is corporate restructuring?
Distinguish value andPrice